* 2009 report tracks ease of doing business in 181 economies; reforms recorded in 113 economies
* Economies need good rules for business
* Reforms are typically nested in a broader, sustained approach to improving competitiveness
Ida is a Gambian entrepreneur who wants to sell her land to expand her manufacturing business. She has an interested buyer, but transferring property in The Gambia requires ministerial consent and can take up to a year. The Gambia is one of the 12 countries in the world where government approval is required for such economic transactions. Others are Lesotho, Madagascar, Nigeria, Papua New Guinea, Senegal, Solomon Islands, Tanzania, Tonga, Uganda and Zambia.
Simplifying procedures to register property encourages investment and gives entrepreneurs, like Ida, better access to credit to grow businesses and create jobs.
See full Press Release.
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