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Doing Business in the Middle East and North Africa – with particular reference to Iraq. Presentation to Iraq Private Sector Development Center. Baghdad 12 November 2011. What does Doing Business measure?. Doing Business indicators:

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doing business in the middle east and north africa with particular reference to iraq

Doing Business in the Middle East and North Africa – with particular reference to Iraq

Presentation to Iraq Private Sector Development Center

Baghdad

12 November 2011

slide2

What does Doing Business measure?

  • Doing Business indicators:
    • Focus on regulations relevant to the life cycle of a small to medium-sized domestic business.
    • Are built on standardized case scenarios.
    • Are measured for the most populous city in each country.
    • Are focused on the formal sector.
  • DO NOT measure all aspects of the business environment such as macroeconomic stability, corruption, level of labor skills, proximity to markets, or of regulation specific to foreign investment or financial markets.

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slide3

Doing Business indicators – 11 areas of business regulation (9 included in the DB2011 ranking; 10 in DB2012)

Entry

Property rights

Investor protection

Access to credit

Administrative burden

Flexibility in hiring

Recovery rate

Reallocation of assets

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slide5

Economies in the Middle East & North Africa on average have relatively efficient regulatory processes but weaker legal institutions

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slide8

Economy performance across different areas of business regulations can vary considerably

UAE ranks 151 in Resolving Insolvency, 134 in Enforcing Contracts, 122 in Protecting Investors

globally the pace of reforms making doing business easier is faster than ever before
Globally, the pace of reforms making doing business easier is faster than ever before

11 of the 18 MENA economies improved their business regulations in 2010/11.

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18 regulatory reforms in 11 economies improved the business environment in the region
18 regulatory reforms in 11 economies improved the business environment in the region

Jordan, Oman, Qatar, Saudi Arabia, Syrian Arab Republic, United Arab Emirates

Algeria, United Arab Emirates, Oman, Qatar

Morocco, Oman, Yemen

Djibouti, Jordan

Morocco

Lebanon

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slide11
Several economies from the region stand out for improving their performance over time since 2005 – no improvement for Iraq since 2001*

*Bahrain and Qatar not included due to later inclusion in the DB dataset

Narrowing the Distance to the Frontier from 2005 to 2011 (percentage points)

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specific results for iraq
Specific results for Iraq
  • Ease of Doing Business
    • - Iraq ranked 164 in 2012
    • - Iraq ranked 159 in 2011
  • Doing Business indicators for Iraq in 2012:
  • Starting a business - 176
  • Dealing with Construction Permits – 120
  • Getting Electricity – 46
  • Registering property – 98
  • Getting credit – 174
  • Protecting investors – 122
  • Paying taxes – 49
  • Trading across borders – 180
  • Enforcing contracts – 140
  • Resolving insolvency - 183

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specific results for iraq1
Specific results for Iraq
  • Indicators where Iraq doing relatively well
  • Getting Electricity – 46
  • This is a new indicator used for the first time in the Doing Business 2012 report
  • Relatively easy and quick to connect to the electricity grid – 5 procedures, taking 47 days costing 360% of GNI
  • (But there is a chronic shortage of electricity in Iraq – this is a key issue in Iraq)
  • Paying taxes – 49
  • Iraq less reliant on business taxation than most other countries because if it reliance on oil revenues.
  • Iraq’s business taxation system is relatively simple,
  • 13 payments per year, taking 312 hours with tax rate of 28.4% of profit

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specific results for iraq2
Specific results for Iraq
  • Indicators where Iraq doing relatively less well
  • Starting a business – 176
  • 11 procedures, taking 77 days to register, costing 115% of per capita income, with minimum capital of 35 per cent of par capita income
  • An important indicator and a major constraint for informal businesses entering the “formal economy”
  • Trading across borders - 180
  • Requiring 10 documents, 80 days to get approval, cost $3550 per container
  • An important indicator illustrating major impediments to Iraq integrating with the World economy
  • Resolving insolvency (formerly closing a business) – 183
  • Businesses in Iraq cannot be closed

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specific results for iraq3
Specific results for Iraq
  • Support for Doing Business reforms in Iraq
  • USAID-Tijara (with support from other partners) leading in supporting DB reforms for:
  • Starting a business, Registering property, Getting credit, Protecting investors, Resolving insolvency
  • World Bank Group (with support from other partners) leading in supporting DB reforms for:
  • Dealing with construction permits (IFC), Trading across borders and Enforcing contracts (WB)
  • Support for Doing Business reforms in Iraq relatively recent. Progress to date has been very slow, in part, because two or more ministries are typically involved in regulating each indicator and because of institutional resistance to reforms

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thank you
Thank you.

For more information:

www.doingbusiness.org

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