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Burundi among the active economies in the World –World Bank

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By Staff writer

newsdesk@greatlakesvoice.com

Burundi was among the most active economies in the world implementing regulatory reforms across several areas in 2010/11. Burundi implemented policy changes in four areas measured by Doing Business: dealing with construction permits, paying taxes, protecting investors and resolving insolvency.

Worldwide, 125 economies implemented 245 reforms making it easier to do business in 2010/11. In the East Africa Community, all five economies implemented a combined 10 regulatory reforms in 2010/11 making it easier to do business — 4 were carried out in Burundi, 3 in Rwanda and 1 in each of Kenya, Tanzania and Uganda.

Burundi jumped 8 places in the ranking in the ease of doing business in 2010/11 thanks to improvements in four areas as measured by Doing Business 2012: dealing with construction permits, paying taxes, protecting investors and resolving insolvency.

 

2010/11 saw improvements to the business environment in all five economies making up the East African Community (EAC) — that is, Burundi, Kenya, Rwanda, Tanzania and Uganda.

Continuous improvement of the business environment is important for economies seeking to benefit from increased trade and investment through regional integration

Rwanda made the greatest progress in improving its business environment between 2005 and 2011, followed by Burundi. Rwanda was also the second economy globally to advance in closing the

This post has already been read 2479 times!

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