Jamaica has moved up four places in the World Bank’s Doing Business Report Rankings.
In the 2020 Report, released yesterday, Jamaica is ranked at 71 out of 190 countries, moving from its 75th position in 2019. The country received a score of 69.7%.
Jamaica had fallen in the rankings for three consecutive years.
The island’s best ranking is in the category of starting a business while the worse ranking is in trading across borders.
The report noted that Jamaica made starting a business faster by reinstating next-day service for company incorporation, streamlining internal procedures, and enabling the Companies Office of Jamaica to stamp the new company’s articles of incorporation at registration.
On the trade side, the document noted that Jamaica reduced the time for documentary compliance for importing by implementing a web-based customs data management platform.
Yvad Billings, Readers Bureau, Fellow
Edited by Jesus Chan
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