Another year of stagnation in Doing Business


Photo: Daniel Lobo/Flickr

10th January 2018

Despite a few improvements, Latin America and the Caribbean have stagnated for another year in the World Bank’s annual Doing Business ranking. Despite improvement at the global level (and a few success stories in Latin America), the region has, as a whole, done less in recent years than other regions at similar levels of development to improve its score. Latin Trade spoke with Rita Ramalho, Acting Director at the World Bank’s Global Indicators Group, which includes the Doing Business report, about the region’s performance.
That report, now in its 15th year, ranks 190 of the world’s economies based on how easy each country makes life for domestic small and medium business people. Countries are assigned a “Distance to Frontier” (DTF) score, on a scale of 0 to 100, with 100 being the best possible business environment. The DTF measures the ease with which business people in each country can perform various functions, including start a business, deal with permits, pay taxes, trade across borders, enforce contracts or hire workers, among others.
As a region, Latin America and the Caribbean ranks in the middle of the Doing Business ranking with a DTF score of 58.66, sandwiched between  East Asia and the Pacific (DTF of 62.7) and the Middle East and North Africa (DTF of 56.72). Nevertheless, Latin America is the world’s least-improved developing region (the OECD high income countries improved less in the past year, but already lead the index with a DTF of 77.46).  “Latin …

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