Nov 02, 2017 (LBO) – Sri Lanka has slid one place to number 111 from 110 last year, according to the latest ranking released yesterday by the World Bank.
In South Asia, Sri Lanka is now ranked fourth, behind Bhutan 75, India and Nepal 105.
The island has however manager to perform better than the Maldives 136, Pakistan 147, Bangladesh 177 and Afghanistan 183.
The report ranked India top among South Asian nations.
Sri Lanka has improved its overall distance to frontier (DTF) score by 0.13 percentage points to 58.86 from 58.79 in 2017.
In South Asia, 20 reforms were implemented by six of the region’s eight economies. India carried out eight reforms, the highest number for the country in a single year.
Over the past 15 years, the region has implemented 127 reforms. Fifteen years ago it took over 50 days on average to start a business in the region, compared to 17 days now, the report says.