Colombia News | Colombia Reports
  • News
    • General
    • Analysis
    • War and peace
    • Elections
    • Economy
    • Culture
    • Sports
    • Science and Tech
  • Travel
    • General
    • Bogota
    • Medellin
    • Cali
    • Cartagena
    • Antioquia
    • Caribbean
    • Pacific
    • Coffee region
    • Amazon
    • Southwest Colombia
    • Northeast Colombia
    • Central Colombia
  • Data
    • Economy
    • Crime and security
    • War and peace
    • Development
    • Cities
    • Regions
    • Provinces
  • Profiles
    • Organized crime
    • Politics
    • Armed conflict
    • Economy
    • Sports
  • Lite
  • Opinion
  • About us
  • Support us
  • Contact Us
  • Newsletter
Colombia News | Colombia Reports
  • News
    • General
    • Analysis
    • War and peace
    • Elections
    • Economy
    • Culture
    • Sports
    • Science and Tech
  • Travel
    • General
    • Bogota
    • Medellin
    • Cali
    • Cartagena
    • Antioquia
    • Caribbean
    • Pacific
    • Coffee region
    • Amazon
    • Southwest Colombia
    • Northeast Colombia
    • Central Colombia
  • Data
    • Economy
    • Crime and security
    • War and peace
    • Development
    • Cities
    • Regions
    • Provinces
  • Profiles
    • Organized crime
    • Politics
    • Armed conflict
    • Economy
    • Sports
  • Lite
  • Opinion
Economy

Colombia’s business climate improves: World Bank

by Adriaan Alsema September 9, 2009

Colombia news - Doing Business

Colombia has strengthened its international position as a country to do business in, the World Bank’s Doing Business report says.

Of 138 countries, Colombia climbed from 49th place last year to the 37th spot in the latest report.

The improved business climate is due to a number of reforms implemented by the government.

“Colombia has made efforts to simplify the processes to access credit, protect investment, pay taxes and to seek permission for construction, among others,” Sylvia Wolf, director of Doing Business, told newspaper El Espectador.

According to the World Bank official, the government still needs to improve the delays in judicial proceses for businesses.

Wolf praised Colombia for being able to implement a record number of reforms, despite a global economic crisis.

The Colombian government is pleased with the results. Javier Duarte, deputy Minister of Business Development said the results are the product of a cooperation between the government and the private sector to improve the business climate. Trade Minister Luis Guillermo Plata said Colombia hopes to reach the 30th place in next year’s report.

economyforeign investmentWorld Bank

Trending

  • Colombia’s hospitals collapsing, COVID-19 vaccination drive in chaos

  • Reported COVID-19 infections in Colombia skyrocket

  • The pandemic’s devastating impact on poverty in Colombia

Related articles

  • Foreign investment

  • Poverty and inequality

  • Colombia’s top bankers could face 4 years in prison, but evidence of tax evasion ignored

  • Facebook
  • Twitter
  • Linkedin
  • RSS

@2008-2019 - Colombia Reports. All Rights Reserved.
Powered by Digitale Zaken and Parrolabs


Back To Top