Economy

World Bank: Jamaica, Colombia make doing business easier | The Miami Herald


Venezuela continued its trend as the worst place to do business in the region, ranking at 182. Right behind it is Haiti — which has adopted the slogan that it’s “open for business.” However, ongoing political gridlock, delayed elections and a dysfunctional parliament have made it difficult for the country to implement significant business reforms, such as recognizing some types of electronic communication. The country ranked No. 180, moving up one place from the previous year.One economy that’s making a turnaround is Jamaica. In the past year, the country has passed three reforms, helping it move up 27 places in the rankings to No. 58, the highest-ranked Caribbean country.Among the economic reforms Jamaica adopted: reducing the cost of getting electricity, and expanding the range of assets that can be considered collateral to improve access to credit. One change that the Bank signaled as worrisome in the country, however, is an increased tax burden for companies. via | The Miami Herald.

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