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Rwanda Led All Nations in Business ‘Reforms’ World Bank Says

Discussion in 'International Forum' started by Koba, Sep 9, 2009.

  1. K

    Koba JF-Expert Member

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    Rwanda Led All Nations in Business ‘Reforms,’ World Bank Says


    By Sandrine Rastello

    Sept. 9 (Bloomberg) -- Rwanda, the African nation torn apart by genocide in 1994, made more business-friendly changes to its regulations in the past year than any other government, a World Bank report showed.

    The sub-Saharan country vaulted to the 67th from the 143rd rank in the bank’s 2010 “Doing Business Report,” ahead of India, Italy and Turkey. The index ranks 183 participants by their rules for setting up, running and closing a business.

    “The reforms in Rwanda didn’t happen overnight -- Rwanda started reforming in 2001,” said Sylvia Solf, the report’s main author, in an interview last week. Small, landlocked nations such as Rwanda “have no choice, they don’t have the big markets, so they have to reform.”

    Singapore topped the list, followed by New Zealand, Hong Kong, the U.S. and the U.K.

    The report, which helps private investors decide where to direct funds, showed some emerging economies losing ground, with China sinking to 89th from 86th place and Brazil slipping to 129th from 127th.

    While countries such as China and India “have a lot of advantages” and have implemented reforms, “there is still of lot of bureaucracy,” Solf said.
    Rwanda, a country with about the same land mass as Maryland, improved regulations that eased access to credit, simplified business formation, strengthened minority-shareholder protections and sped up trade and property registration, according the report. It became the first sub-Saharan country to make the most improvements.

    Egypt, Moldova

    Egypt, Liberia, Moldova, Kyrgyzstan and Tajikistan were other countries that gained ground, the report showed.

    Iraq fell to 153rd from 150th place, while Afghanistan improved to 160th from 168th.

    The number of new regulations aimed at making it easier to do business rose globally by 20 percent to 287, a record, in the year through May, even as the worst global recession since World War II set in, according to the report. Most of them were aimed at cutting red tape.

    While the ranking doesn’t take into account market rules or the strength of financial systems, the measures do include court and bankruptcy procedures that “can influence how well firms cope with the crisis and are able to seize opportunities when recovery begins,” the report said.

    The financial crisis of the past two years may also encourage governments to ease procedures for businesses, according to Solf.

    Crisis ‘Reforms’

    “Historically, sometimes the financial crises have triggered reforms in areas that are covered in the report, insolvency regimes, insolvency systems, commercial courts,” she said.

    The report rates countries on rules that affect starting a business, dealing with construction permits, employing workers, registering property, getting credit, protecting investors, paying taxes, trading across borders, enforcing contracts and closing a business. It focuses on small- to medium-size companies.

    At the same time, the report leaves out criteria such as macroeconomic stability, corruption and regulations specific to foreign investment.

    The report tweaked methodology for its Employing Workers Indicator, one of the criteria in the ranking that has been criticized by some U.S. policy makers for encouraging countries to reduce worker protection.

    For instance, “the calculation of the redundancy cost was adjusted so that having severance payments or unemployment protections below a certain threshold does not mean a better score for an economy,” the report showed.


    To contact the reporter on this story: Sandrine Rastello in Paris at srastello@bloomberg.net
     
    Last edited by a moderator: Sep 10, 2009
  2. Ngida1

    Ngida1 JF-Expert Member

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    Naona Tanzania haikutajwa, wakati ukitoa ufisadi sisi pia chini ya mzee wetu JK nadhani tumepiga hatua kubwa mbele kuliko hao Rwanda. Au ni njia tu ya kuisaidia Rwanda ije juu baada ya ile 'genocide' yao?
     
  3. B

    Bad Seed Member

    #3
    Sep 10, 2009
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    mmmmmmmmhh??????????:confused::confused::confused: are you sure?? Dont hate, congragulate.
     
  4. N

    Nyauba JF-Expert Member

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    Doing business report inaangalia reforms initiated and implimentation process katika mazingira ya biashara.

    Tz tuko kwenye track nzuri kwani tumefanya reforms nyingi katika uchumi wetu katika miaka 10 iliyopita kulikom wakati wowote wa historia yetu kiuchumi.

    mapungufu yako katika utekelezaji hasa bureaucracy inayosababishwaa na limited capacity na usimamizi imara.

    Jk anachotakiwa ni kukaza buti na kusimamia reforms kikamilifu kwani mtangulizi wake (BWM) alishamwekeaa mezani tayari.

    BEST programe is among the initiatives, LSRP na PSRP ni mifano michache tuuu...bila kusahau MMEM na MMES.
     
  5. Josh Michael

    Josh Michael JF-Expert Member

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    it is really suck to see all these here and not in Tanzania.. We need to more reforms in our bussiness sector man
     
  6. J

    JokaKuu Platinum Member

    #6
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    ..wanazungumzia masuala ya property rights, access to credit, na urahisi ktk kuanzisha biashara.

    ..inawezekana mataifa mengine yalishafanya hizo reforms kwa hiyo hawawezi kupewa credit na huu utafiti uliofanyika.


     
  7. M

    Mnairobi JF-Expert Member

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    Way to go Rwanda, welcome to the EAC!
     
  8. J

    JokaKuu Platinum Member

    #8
    Sep 10, 2009
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    ..hapa kuna uchambuzi wa hii ripoti toka Kenya.


     
  9. J

    JokaKuu Platinum Member

    #9
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    ..nadhani mwaka 2007 Tanzania na Ghana zilikuwa ranked as the best place to do business in Africa. Rwanda walikuwa ranked very low ktk ripoti hiyo.


    ..kitu kinachotakiwa kufanyika Tanzania sasa hivi ni ku-improve our infrastructure[barabara,maji,umeme]. ni lazima kuhakikisha GHARAMA za kufanya biashara au kuendesha kiwanda Tanzania ni rahisi kulinganisha na our competitors.
     
  10. WomanOfSubstance

    WomanOfSubstance JF-Expert Member

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    Ndugu. our beloved Tz haiko anywhere near Rwanda.Post genocide Rwanda is bad news my friend.Hii inatokana na uongozi madhubuti, seriousness na mipangilio iliyo makini.Tz sasa tutannyimwa soft loans kwa sababu ya Ufisadi uliokithiri.Au kwa tafsiri yako ufisadi ni nini maana ni kama vile unaona ufisadi siyo variable au indicator of failure in governance.
     
  11. Masanja

    Masanja JF-Expert Member

    #11
    Sep 12, 2009
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    WoS labda useme wewe..wengine tukisema hapa tunaambiwa kwamba tunamtetea muuaji KAGAME!

    Lakini ndo hivyo.....kikubwa ni uongozi..hakuna miracle. Juzi ulimsikia President wetu anafurahi kwamba alienda US akapewa Vyandarua....baada ya hivyo vyandarua kuchanika..sasa sijui tutarudi kwa akina RAY Cambers au.. You wonder where are our priorities!

    Hivi kuna mtu anafikiria kwamba ana "uzalendo" kuliko wananchi wenzake yet we are all suffering under the same system? No way..Raisi wetu hayuko makini kabisa. Anaweza kuwa na personality nzuri lakini kichwani kwa kweli..I do wonder....what he carries.
     
  12. TIMING

    TIMING JF-Expert Member

    #12
    Sep 12, 2009
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    Naona mpaka nchi kama Kyrgis, au wazee wa ma-powder Colombia, nci ya shaghalabagala Liberia wote hao wametuacha...
     
  13. J

    JokaKuu Platinum Member

    #13
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    MTM,

    ..kaazi kweli..hata mimi nimeona hizo nchi za ajabu-ajabu zimetuacha.

    ..soma hapa Malawi nao haooo!! kuna green revolution huko na hakuna Mtanzania amegutuka. kuna jamaa zangu walikuwa wanapeleka mahindi huko 3 yrs ago.


     
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