Brasília – Brazil has lost six positions in a ranking of ease of doing business comprising 183 countries, published annually by the World Bank. The Doing Business 2012 report, released this Wednesday (19) in Washington, shows that Brazil dropped from the 120th to the 126th position on the list, which assesses the regulations concerning domestic companies in these countries.
The new study spans the period from June 2010 to May 2011 and covers the entire life cycle of enterprises, from the starting of a business to the resolving of insolvency. The evaluations take into consideration ten specific indicators and concentrate mainly in the environment for small and medium businesses.
Despite the Brazilian decline in the overall ranking, the World Bank highlights an improvement in the ease of obtaining credit in Brazil, in which the country ranks 98th. “Brazil has improved its credit information system, enabling private agencies to collect and share positive information,” the report claims.
The ranking features, in this order, Singapore, Hong Kong, New Zealand, the United States, Denmark, Norway, the United Kingdom, South Korea, Iceland and Ireland. The program manager of the Doing Business Report team, Sylvia Solf, said that there has been progress in Brazil over the last six years. “Brazil is on the right track. It is just a matter of time.”
The country performed the worst in tax payment, in which it ranks 150th.
*Translated by Gabriel Pomerancblum