Zimbabwe has been named among the economies improving the most across three or moreDoing Business topics in 2018/19, according to the World Bank’s latest report.
The World Bank Doing Business 2020 used a simple method to calculate which economies improved the ease of doing business score the most.
First, it selected the economies that in 2018/19 implemented regulatory reforms making it easier to do business in 3 or more of the 10 areas it looks at.
“Forty-two economies meet this criterion: Armenia; Azerbaijan; The Bahamas; Bahrain; Bangladesh; Cabo Verde; China; Colombia; the Democratic Republic of Congo; Djibouti; the Arab Republic of Egypt; Eswatini; Gabon; India; Indonesia; Israel; Jordan; Kenya; Kosovo; Kuwait; the Kyrgyz Republic; Mauritius; Moldova; Morocco; Myanmar; Nigeria; Oman; Pakistan; Philippines; Qatar; the Russian Federation; Rwanda; Saudi Arabia; Serbia; Tajikistan; Togo; Tunisia; Ukraine; United Arab Emirates; United States; Uzbekistan; and Zimbabwe,” reads part of the report.
According to the World Bank, Zimbabwe made progress in the following areas: Starting a business, dealing with construction permits, registering property, getting credit, and resolving insolvency.
“Zimbabwe made starting a business easier by improving online name search and by reducing the Harare Municipality business licensing fee… Zimbabwe made dealing with construction permits faster by streamlining plan approvals… Zimbabwe made property registration easier by reducing the time to trans-
fer property and increased transparency by publishing official statistics on land disputes for the previous calendar year… Zimbabwe strengthened access to credit by giving secured creditors abso-
lute priority during insolvency proceedings… Zimbabwe made resolving insolvency easier by introducing a new reorganization procedure, allowing creditors to vote on the reorganization plan, and
granting debtors the possibility of obtaining postcommencement finance,” noted the World Bank.
Zimbabwe is on position 140 out of 190 economies on the 2020 World Bank Ease of Doing Business.