Mongolia ranks 64th in Doing Business Report 2017

Oyundelger 2016-10-28 02:10

Economy

World Bank-International Finance Corp released the latest edition of its 2017 Doing Business Report.

Mongolia ranks 64th in Doing Business Report 2017. World Bank-International Finance Corp released the latest edition of its 2017 Doing Business Report. Mongolia ranked 64th in Doing Business Report 2017 and last year our country was ranked 62nd. This year Mongolia fell back by two places while placed 6th in East Asia-Pacific Region. The country scored significant gains in one of 10 indicators used by the WB-IFC and the indicator included Paying taxes where the country’s ranking rose 38 notches to 35th place from last year’s 73th. Slight declines were registered in several indicators namely Start a business, Protecting Minority Investors and Resolving Insolvency, where the country reported a four-place declines.