October 24 , 2019Download Free PDF Report
The Doing Business Team at the World Bank Group announced that Kuwait for the first time joined the group of top 10 improvers in the Ease of Doing Business Index 2020 out of 190 economies included in the Doing Business report, thanks to a comprehensive reform program over the past year. Kuwait was the seventh largest improver advancing 14 places from a rank of 97 in 2017/18 to 83 in 2018/19. Economies are selected based on the number of reforms and on how much their ease of doing business scores have improved. The doing business report ranks countries based on distance to frontier (DTF), a score that shows the gap of an economy to the global best practice. The choice of the most improved economies is then determined by the largest improvements in the ease of doing business score among those with at least three reforms. This global index covers 10 key components that represent various dimensions of business regulatory environment for domestic enterprises. The announced improvement for Kuwait reflected reforms in seven of the ten components (excerpt from doing business report 2020)
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