WORLD BANK RANKS FIJI SAFE AND EASY FOR BUSINESS

admin's picture

Ranked fourth among island states

SUVA, Fiji (Fijilive, May 26, 2008) – Despite the political upheaval, Fiji has been ranked the highest in the Pacific for ease of doing business, according to a new World Bank report, Doing Business 2008.

The rankings, according to the report, cover the period April 2006 to June 2007.

Fiji came in at number four of the 32 small island developing states (SIDS).

Of the 178 world economies that Doing Business ranks, Fiji was number 36.

Singapore tops the aggregate rankings for the second year for the SIDs reviewed. It is also ranked first in the world.

The three Pacific nations in the top 10 SIDS are Fiji, Tonga at number six (47 globally) and Samoa number 10 (61 globally).

Other Pacific countries ranked by the World Bank in the SIDS list: Vanuatu was ranked number 11 (62 globally), Kiribati number 16 (73 globally), Solomon Islands number 18 (79 globally), Palau number 19 (82 globally), Papua New Guinea number 20 (84 globally), Marshall Islands number 21 (89 globally), Federated States of Micronesia number 25 (112 globally) and Timor Leste number 31 (176 globally).

Meanwhile, Fiji is also ranked highly amongst the 178 economies for protecting investors.

Fiji comes in at number 33, rating better than economies like Australia (51), Germany (83), Korea (64), France (64), Phillipines (141) and Spain (83), to name a few.

Fijilive: http://www.fijilive.com

Rate this article: 
No votes yet

Add new comment