A national analogue of the Doing Business ranking will be created in Kyrgyzstan as part of the state program Jany Doorgo - Kyrk Kadam (forty steps to the new age), Deputy Economy Minister Daniyar Imanaliyev said during the meeting with the business community on September 18, Tazabek reported.
The analogue will be a simplified version of the ranking, which will create a national system of monitoring.
"The ranking will help learn about the business climate in each region. As for the financial support, the matter will be approached comprehensively," he said.
The World Bank's Doing Business project, launched in 2002, looks at domestic small and medium-size companies and measures the regulations applying to them through their life cycle. Doing Business offers detailed subnational reports, which exhaustively cover business regulation and reform in different cities and regions within a nation. These reports provide data on the ease of doing business, rank each location, and recommend reforms to improve performance in each of the indicator areas. Selected cities can compare their business regulations with other cities in the economy or region and with the 190 economies that Doing Business has ranked.
Kyrgyzstan's ranking in the World Bank's Doing Business 2017 slipped from the 76th to 75th place out of 190 world economies. Kyrgyzstan maintained the last year position for two consecutive years before going down in the ranking for the year 2017.
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