Brasília – Brazil has climbed three positions and now ranks 120th in the World Bank’s list of countries with the most ease of doing business. The list covers 189 countries and is topped by Singapore. The report is released on an annual basis and gauges how easy it is to do businesses in each country, based on regulation of aspects such as access to credit and electricity, foreign trade and the actual setting up of a business.
In Latin America and the Caribbean, the survey is topped by Colombia, followed by Peru (35th), Mexico (39th) Chile (41st) and Puerto Rico (47th). Another Latin American country which outperformed Brazil is Ecuador (115th). However, Brazil is better placed than Argentina (124th), Bolivia (157th) and Venezuela (182nd). Regarding non-Latin American countries, doing business in Brazil is easier than in India (142nd).
A professor specializing in business models at the Brazilian Capital Markets Institute (Ibmec), Ricardo Yogui believes Brazil had a “slight” improvement in the ranking. “It was not a big leap, position-wise. Maybe it reflects the economic results we have had lately. We have seen investment in energy and oil. This tends to attract international attention,” he says.
*Translated by Gabriel Pomerancblum
