Malawi ranked 132nd out of 183 countries in economic survey
The World Bank’s Doing Business (DB) 2010 Report has position Malawi as number 132 out of the 183 ranked economies in the world.
The report measures a set of regulations affecting ten stages of a business’s life, namely starting a business, dealing with construction permits, employing workers, registering property, getting credit, protecting investors, paying taxes , trading across borders, enforcing contracts and closing a business.
Malawi has slightly dropped in rank from 131 in DB 2009 period to 132 in DB 2010 because of the pace of reforms rather than the number of reforms.
World Bank Country Manager for Malawi Timothy Gilbo said in Lilongwe Thursday that Malawi had made important reforms but other countries had reformed faster and were more aggressive at the process.
“In order to make substantive gains, more needs to be done and the bank is ready to help,” he said.
He observed that the efforts of the Malawi Government and its partners in carrying out reforms were beginning to show but these needed to be strengthened and accelerated in the wake of the global financial crisis and economic slowdown which have made the economic environment more competitive.–APA
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