On October 31, 2017 the World Bank (WB) published the 15th edition (2018) of their Doing Business Report (the "Report"). The Report compares quantitative indicators from 190 countries in an effort to measure the ease of doing business in each country.
The Report measures regulations in up to 11 different areas of the life of a business and it relies on data that is current as of June 1, 2017. The ten areas included in the 2018 report are:
- Starting a business
- Dealing with construction permits
- Getting electricity
- Registering property
- Getting credit
- Protecting minority investors
- Paying taxes
- Trading across borders
- Enforcing contracts
- Resolving insolvency
The report found that 119 countries saw improvements in their regulatory framework last year. Reducing the complexity and cost of regulatory processes, obtaining credit, and trading across borders were the areas that saw the most improvement.
The Doing Business Report is one of 19 risk indicators Global Compliance Solutions Group LLC (GCSG) uses in its quantitative Third-Party Risk Ranking tool (the "tool"). The tool uses the 19 indicators as well as 7 entity specific questions to generate a risk score. The score is used to evaluate the potential risk a third-party poses to our client's business.
For more information on GCSG's Third-Party Risk Ranking tool click here or contact GCSG directly for more information: firstname.lastname@example.org