Ministry presses for place in top 50 of Ease of Doing Business Index

Ministry of Economic Development has announced it has started efforts to place Maldives in the top 50 of World Bank’s annual Ease of Doing Business Index.

Maldives dropped six ranks to place in 135th in the latest Ease of Doing Business Index, released in October, 2016.

National Trade Facilitation Committee met for discussions with Maldivian law firms this Sunday morning regarding what the government can do to collaborate with the law firms to push up the ranking.

Inaugurating the meeting, Minister of Economic Development, Mohamed Saeed said the government was holding extensive discussions with relevant agencies and other stakeholders to implement recommendations in World Bank’s reform memorandum to improve ranking.

Minister Saeed said the government was planning multiple projects to increase economic prosperity, especially in light of the theme for this year – “Economic Prosperity – Social Contentment”.

“This year, the government wants to improve the country’s ranking in World Bank’s doing business ranking. Out target is for Maldives is to be placed in the top 50, globally,” said Saeed.

He said additional meetings would be held with the media, associations, and other stakeholders regarding the project.