Liberia Slips Down In World Bank Business Ranking
Liberia has slipped down 3 positions in the World Bank Doing Business Survey for 2011 from being among the top 10 reformers in 2010.
Although Liberia has re-enforced lesson on how rapid reforms could be achieved, the country slipped down from a position of 152 among 183 countries in 2010 to 155 in the 2011 survey. World Bank Doing Business Report measures government’s commitment to create an environment of doing business easily.
The 2011 report, which covers nine formal sector indicator sets in 183 economies, was compiled by the International Finance Corporation, a private sector arm of the World Bank. According to the 2011 report, within the nine formal sector indicators, Liberia slipped down 7 places in starting a business from 57 in 2010 to 64 in 2011.
It recorded no change in dealing with construction permit, maintaining its 135 position obtained in 2010, but dropped 3 places in registering property from 173 in 2010 to 176 in 2011.
In the category of getting credit, Liberia again slipped down 3 positions from 135 in 2010 to 138 in 2011. It also dropped 1 position in protecting investors from 146 in 2010 to 147 in 2011.
But it recorded no change in paying taxes; maintain its 84 position obtained in 2010. Trading across borders, Liberia slipped down 1 position from 115 in 2010 to 116 in 2011.
It recorded no change in enforcing contacts thereby maintaining its 166 position recorded in 2010 and for the indicator closing a business, maintaining its 148 position obtained in 2010. The Doing Business Report covers the period up to June year-on-year.