Sri Lanka aims for top 70 in Doing Business by 2020

ECONOMYNEXT – Sri Lanka aims to be among the top 70 countries ranked in the World Bank’s doing business index in four years, Prime Minister Ranil Wickremesinghe said.

The government plans to create a positive investment climate that will generate jobs an remove hurdles that stand in the way of achieving growth for business start-ups, he told parliament in a policy speech.

“The processes of starting a business, getting construction permits, electricity connections and bank credit, registering property, protecting minority investors, payment of taxes, trading across borders, enforcement of contracts, resolution of insolvency, and regulations governing labour market will be efficient mechanisms that will facilitate business growth.”

The government will also prepare legislations to establish a single window for investment approval, Wickremesinghe said.

“Further, we will hold discussions with the Trade Unions and relevant stakeholders. The targeted outcome is to bring Sri Lanka within the top 70 nations of the Doing Business Index by 2020.”
(COLOMBO, Oct 28, 2016)

 

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