Jordan Up One Rank in the World Bank’s “Doing Business 2017” Report; 118th Place

AMMAN —Al Ghad— The World Bank’s “Doing Business 2017” report, issued October 25th, placed Jordan in the 118th position, out of 190 surveyed countries, up one rank from Jordan’s 119th place back in 2016.

The report evaluates commercial accessibility to finances and other issues related to the ease of conducting business in surveyed countries.

Out of 190 economies called in the report, Jordan came in 106th in regards to access to financing, down 8 ranks from 2016. As for access to services, Jordan came in 48th in accessibility to electricity services, compared to having come in 60th in the 2016 report, while having maintained the 96th place in regards to ease of registration, and 185th place in terms of access to “credit”.

In regards to protecting investors, the Kingdom has advanced another rank up to the 166th place, and 3 ranks on the report’s taxation scale, from the 82nd place in 2016, to 79 in the 2017 report.

Globally, New Zealand came in 1st on the World Bank’s “Doing Business 2017” scale, followed by Singapore, Denmark, Hong Kong, Korea, Norway, the UK, US, and Sweden.

However, in regards of advancement, the report outlines the world 10 economies with most advancements attained, in accordance to implemented reforms; they are Brunei, Kazakhstan, Kenia, Belarus, Indonesia, Serbia, Georgia, Pakistan, UAE, and Bahrain.

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