Mexico fell two spots in the World Bank's Doing Business report

The World Bank's Doing Business report compares business regulation environments across economies and encourages them to compete towards a more efficient regulation
A man is silhouetted against the logo of the World Bank Photo:Kim Kyung Hoon/Reuters
31/10/2017
19:21
Carla Martínez
Mexico City
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Mexico fell two spots in the World Bank's 2018 Doing Business report, which compares business regulation environments across economies and encourages them to compete towards a more efficient regulation.

According to the report, Mexico ranked 49th out of the 190 countries analyzed, while last year it was listed on the 47th.

However, Mexico ranked 72.27, that is, 0.18 points more than in 2016.

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Photo: Taken from Doing Bussiness website
 

Mexico improved its rating in opening companies, obtaining construction permits and electricity efficiency, while there was a considerable setback in public registration of property, payment of taxes and resolution of insolvency.

Despite losing two spots, Mexico is the best-positioned economy in Latin America above Chile, Peru, Colombia, Costa Rica, Argentina, and Brazil.

The Doing Business project, launched in 2002, provides objective measures of business regulations and their enforcement across 190 economies and selected cities at the subnational and regional level.

It looks at domestic small and medium-size companies and measures the regulations applying to them through their life cycle.

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