Mauritius ranked 13th globally in the World Bank’s Ease of Doing Business Report 2020
Mauritius is ranked 13th out of 190 countries for doing business and further consolidates its lead position on the African continent as the best place for doing business. Mauritius has moved up by 36 places in the survey within a span of only three years. This recognition reaffirms the competitiveness of Mauritius as an international financial centre of excellence.
According to the World Bank, “Research demonstrates a causal relationship between economic freedom and Gross Domestic Product (GDP) growth, where freedom regarding wages and prices, property rights, and licensing requirements leads to economic development”.
The World Bank’s Ease of Doing Business Report measures business regulations and their enforcement across some 190 economies in the world and captures various business-related regulatory indicators. Economies that score highest on the ease of doing business share several common features, including the widespread use of electronic systems, sound business regulation, a high degree of transparency, the quality of the judicial process and protection from arbitrariness.
The successful implementation of these reforms demonstrates the positive of consultations between the public and private sector, especially in providing an environment conducive to investments.