Mozambique falls three places in World Bank’s Ease of Doing Business 2020 report

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Mozambique falls three places in World Bank’s Ease of Doing Business 2020 report

3:01 CAT | 24 Oct 2019

Guinea-Bissau is the only Portuguese-speaking country to have improved its position in the World Bank’s 2020 Doing Business Index. Sao Tome and Principe has held its position, while the rest have slid down the rankings. [You may read / download the full Doing Business 2020 report HERE]

According to the index released today by the World Bank, Guinea-Bissau improved its position from last year’s ranking from 175th to 174th, but still remains among the 20 worst countries for doing business.

The index attributed positions based on indicators such as the time it takes to set up a company or file tax returns, the ease of securing electricity supply and economic reforms launched in the country.

Among Portuguese speaking countries, Portugal leads the list in 39th place, having fallen 5 positions this year despite maintaining its 76.5 points.

The next best-placed Lusophone country is Brazil in 124th place, 16 places down from last year, followed by Cape Verde, which nevertheless fell six places from 131 to 137.

Soon after comes Mozambique, in 138th place, three places down from the 135th position it occupied last year.

The remaining Lusophone countries are all in the bottom 20, with the exception of Sao Tome and Principe, which ranks the 21st-worst in 170th place (same as last year).

Angola, in 177th place (173rd in 2019), Equatorial Guinea, which fell from 177th to 178th, and Timor-Leste, in 181st place (178th in 2019) are the only Lusophone among the ten most difficult countries to do business in, and complete the list of Portuguese-speaking countries.

Source: Lusa