I guess this was before the Chinese decided to abandon Guyana. Did they count how many businessmen are leaving Guyana for the US abandoning their Guyanese businesses? I wonder if they checked if opening a business requires a hefty kickback?

Guyana has moved 16 places up the World Bank’s latest ranking on ease of doing business.

Of 190 countries ranked in the World Bank’s latest “Doing Business” report, Guyana is ranked 124, moving up from its placement at 140 last year.

GOOD TING DEM DAM PPP LOST!

cain posted:

Guyana has moved 16 places up the World Bank’s latest ranking on ease of doing business.

Of 190 countries ranked in the World Bank’s latest “Doing Business” report, Guyana is ranked 124, moving up from its placement at 140 last year.

GOOD TING DEM DAM PPP LOST!

Why you care? You don't pay taxes in Guyana.

The measure was the regulatory environment, not what actually is happening for other reasons.  It would be interesting to understand what are these regulatory changes which made it easier.  I'm not questioning the WB assessment, just trying to understand what were the tangible changes in regulation.

It may have moved up in the rankings but the fact remains that investors are few and far in between. One would expect that if a country moves up a business index then there should be an explosion of investors, however in Guyana it is the opposite as businesses are fleeing en masse. 

Django posted:

October 26, 2016 

Source

Guyana has moved 16 places up the World Bank’s latest ranking on ease of doing business.

Of 190 countries ranked in the World Bank’s latest “Doing Business” report, Guyana is ranked 124, moving up from its placement at 140 last year.

New Zealand topped the rankings, followed by Singapore.

Jamaica is the highest ranked Caribbean country in the index at 67, followed by St. Lucia at 86, Trinidad and Tobago at 96, Dominica at 101, the Dominican Republic at 103, Antigua and Barbuda at 117, and The Bahamas at 121. St Vincent was ranked just under Guyana at 125.

According to the report, economies are ranked on their ease of doing business, from 1 to 190. A high ease of doing business ranking means the regulatory environment is more conducive to the starting and operation of a local firm.

“The rankings are determined by sorting the aggregate distance to frontier scores on 10 topics, each consisting of several indicators, giving equal weight to each topic,” the report said, while adding that the rankings for all economies are bench marked to June, 2016.

The World Bank stated that the ease of doing business ranking compares economies with one another; the distance to frontier score benchmarks economies with respect to regulatory best practice, showing the absolute distance to the best performance on each Doing Business indicator.

When compared across years, the distance to frontier score shows how much the regulatory environment for local entrepreneurs in an economy has changed over time in absolute terms, while the ease of doing business ranking can show only how much the regulatory environment has changed relative to that in other economies, it added.

Poor druggie must be screaming that Granger controls the WB for making this assessment of Guyana.

Maybe APNU/AFC ministers demand a 1% cut instead of the 10% that the PPP demanded.

Druggie thanks to the PPP backwardness Guyana has a 1945 style economy, which means that only commodities will be of interest. With commodity prices being low clearly there is less need to invest.

Having said that the Canadians have vastly increased gold production, even though many smaller miners have been squeezed out because of the lower prices.

BTW allowing Chinese to rape your country for pennies, isnt foreign investment.  It is foreign EXPLOITATION as it keeps Guyana at the low end of the value chain.

caribny posted:

Poor druggie must be screaming that Granger controls the WB for making this assessment of Guyana.

Maybe APNU/AFC ministers demand a 1% cut instead of the 10% that the PPP demanded.

Druggie thanks to the PPP backwardness Guyana has a 1945 style economy, which means that only commodities will be of interest. With commodity prices being low clearly there is less need to invest.

Having said that the Canadians have vastly increased gold production, even though many smaller miners have been squeezed out because of the lower prices.

BTW allowing Chinese to rape your country for pennies, isnt foreign investment.  It is foreign EXPLOITATION as it keeps Guyana at the low end of the value chain.

They didn't mention how Guyana got up the rankings. But based on the reality on the ground, it is obvious that Guyana's rise is due to other countries falling and not due to any concrete improvements in Guyana. We see evidence of this as many projects are stalled and foreign investors are leaving in droves. In fact even the local Indian business men are closing up shop. Buddy recently closed down a few businesses. As you look around Guyana you see projects at a stand still as investors pulled the plug due to Jackass Granger's anti business stance. 

Drugb posted:

caribny posted:

Poor druggie must be screaming that Granger controls the WB for making this assessment of Guyana.

Maybe APNU/AFC ministers demand a 1% cut instead of the 10% that the PPP demanded.

Druggie thanks to the PPP backwardness Guyana has a 1945 style economy, which means that only commodities will be of interest. With commodity prices being low clearly there is less need to invest.

Having said that the Canadians have vastly increased gold production, even though many smaller miners have been squeezed out because of the lower prices.

BTW allowing Chinese to rape your country for pennies, isnt foreign investment.  It is foreign EXPLOITATION as it keeps Guyana at the low end of the value chain.

They didn't mention how Guyana got up the rankings. . 

The criteria is that APNU ministers are less greedy than PPP ministers were.  Even you admit that black people are less greedy to work with than are Indians.

caribny posted:

The criteria is that APNU ministers are less greedy than PPP ministers were.  Even you admit that black people are less greedy to work with than are Indians.

The criteria should be concrete. The jackass Granger admin did not enact any new legislation to make investing any easier. In fact the data shows that they drove out investors. So Guyana went up the rankings due to other countries failings.