Going Down in World Bank Doing Business Ranking

It has been widely reported that Sri Lanka has come down in the latest World Bank Doing Business Index (DBI) from the position of 81 to 85 among 189 countries in the world. The ranking two years ago was 79. The process of improving Sri Lanka’s business climate to be within the top 30 countries was launched with a big bang. The Central Bank, Board of Investment and the Ministry of Economic Development were initially in the forefront launching a major campaign to identify and implement necessary reforms in the regulatory environment of the country. Monthly, quarterly and other periodic reviews were given high media publicity at the time of announcing various programs to achieve this target by 2016.