Barbados’ rank for doing business has notched three places up in the World Bank’s Doing Business Report but still remains abysmally low at 129th out of 190 countries.
In 2014 Barbados was ranked 91st, in 2015 there was a drop to 106th, the downward trend continued with a 119th position in 2016, 117th in 2017, and 132 in 2018.
These figures are such a major concern to government, that Marsha Caddle, Minister in the Ministry of Economic Affairs and Investment, revealed that a Doing Business, cabinet, sub-committee has been established, with the intention to bring Barbados up to a 50th position ranking in a time that is practical and in keeping with the Barbados Economic Recovery Transformation (BERT) programme. (DF)
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