El Salvador reform hailed by World Bank Doing Business

Economies in Latin America and the Caribbean carried out 25 reforms during the past year to improve the ease of doing business for domestic small and medium enterprises, says the World Bank Group’s Doing Business 2019.

Peru, the Bahamas, El Salvador and Paraguay, carried out two reforms each. In El Salvador, construction permitting and cross-border trade were made easier.

Mexico remains the region’s top-ranked economy, in 54th place this year. Brazil led the reform agenda, with four reforms, a record in a single year for the country. As a result, Brazil advances to a global rank of 109.