World Bank urged to fix 'inaccurate' ranking of business startup procedure
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The Commerce Ministry's Business Development Department has joined the Labour Protection and Welfare Department and the Office of the Public Sector Development Commission in urging the World Bank to revise its rating of the ease of starting a new business
The Bank recently downgraded the country to 75th among 189 countries, from 68th last year.
Pongpun Gearaviriyapun, directorgeneral of the department, said the Bank “was inaccurate in some points”, which negatively affected the ranking.
“After the discussions with the three organisations, officials of the World Bank in Thailand said they would pass the conclusions on to the World Bank [headquarters] and were confident that Thailand’s ranking would be upgraded next year,” she said.
