Lack of investor confidence shows; Maldives dips in Ease of Doing Business Index

  • Maldives ranked 136th globally in 2017
  • Last year rank was 137th
  • Placed 129th in 2015

K. Male' | Rushdha Rasheed | 06-November-2017 | Monday 15:02 | rushdhar | Business | 1,742

Economic Minister at the Investment Forum: Maldives has dipped in DBI ranking in spite of many forums like that -- Photo by: google

Maldives has dipped in ranks in World Bank’s Ease of Doing Business Index (DBI 2018), signaling dipping investor confidence.

Maldives, this year, placed 136th in the global rankings. Last year Maldives ranked 135th, while in 2015 the nation ranked 129th.

In determining ease of doing business, World Bank will look at key indicators such as registering, compliance, taxation, obtaining loan and similar factors such as administrative procedures. It also looks at legal measures, such a protection and settlements.

Ease of Doing Business Index is one of most comprehensive studies done by World Bank.

Maldives in DBI over the years;

  • 2013 – 85th globally
  • 2014 – 79th globally
  • 2015 – 95th globally
  • 2016 – 129th globally
  • 2017 – 135th globally
  • 2018 – 136th globally

Ministry of Economic Development has attributed delay in sending statistics to World Bank as a core reason for the dip in ranks.

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