By Karen Abrams
The ease of doing business index ranks economies from 1 to 181, with first place being the best. A high ranking means that the regulatory environment is not conducive to business operation. The index ranks the simple average of the country’s percentile rankings in 10 areas. Guyana’s ranking rose 11 points from 90 to 101 indicating that the difficulty of doing business in Guyana increased from 2009 to 2010 and fell one point from 101 to 100 in 2010 to 2011.
In practical terms, the process records all procedures an entrepreneur needs to follow to formally start-up and operate an industrial or commercial business in Guyana. The summary of indicators include activities required in the following sub categories; starting a business, dealing with construction permits, registering property,