2017年-世界发展银行全球_Economy_Profile_of_Guyana_66页_1mb

Doing Business 2018: Reforming to Create Jobs Summary

Core Content of the Report

The Doing Business 2018 report, published by the World Bank Group, evaluates business regulations and their enforcement in 190 economies. It focuses on key areas that affect the ease of doing business, including starting a business, dealing with construction permits, getting electricity, registering property, getting credit, protecting minority investors, paying taxes, trading across borders, enforcing contracts, and resolving insolvency. The report also includes labor market regulation indicators, though they are not included in the overall ease of doing business ranking.

The report uses a standardized methodology to ensure data comparability across economies. It measures distance to frontier (DTF), which reflects how close an economy is to the best performance observed globally on each indicator, on a scale from 0 to 100. The ease of doing business ranking is derived from the DTF scores, ranging from 1 to 190.

Key Indicators and Data for Guyana

1. Starting a Business

• Procedures: 7 procedures for both men and women.
• Time: 18 days (for men and women).
• Cost: 9.8% of income per capita.
• Minimum Paid-in Capital: 0.0% of income per capita (no minimum required).
• DTF Score: 64.4 (for men and women).
• Ranking: 125th out of 190 economies.
• Comparison:
  • Latin America & Caribbean: 8.5 procedures, 31.8 days, 37.5% cost.
  • OECD high income: 4.9 procedures, 8.5 days, 3.1% cost.
  • Overall Best Performer: 1.00 procedure, 0.50 days, 0.00% cost (New Zealand).

2. Dealing with Construction Permits

• Procedures: 17 procedures.
• Time: 208 days.
• Cost: 1.5% of warehouse value.
• Building Quality Control Index: 4.0 (out of 15).
• DTF Score: 55.8.
• Ranking: 142nd out of 190 economies.
• Comparison:
  • Latin America & Caribbean: 15.7 procedures, 191.8 days, 3.2% cost.
  • OECD high income: 12.5 procedures, 154.6 days, 1.6% cost.
  • Overall Best Performer: 7 procedures, 27.5 days, 0.10% cost (Korea, Rep.).

Main Views and Key Information

Methodology Overview

• The report uses a standardized business model to compare procedures, time, and cost across economies.
• It assumes a domestically owned company with 5 owners, 10–50 employees, and a start-up capital of 10 times income per capita.
• For construction permits, it assumes a warehouse with a value of 50 times income per capita, located in Georgetown, and follows a set of technical and regulatory steps.

Regulatory Challenges in Guyana

• Starting a business involves a moderate number of procedures and time, with a relatively high cost compared to OECD countries.
• Construction permits require a lengthy and costly process, involving multiple inspections and approvals from various agencies.
• The building quality control index is low, indicating weak regulatory enforcement and oversight in construction practices.

Impact of Regulations on Business Operations

• Regulations significantly affect start-up costs, time to establish operations, and project execution.
• The report highlights the importance of streamlining procedures, reducing bureaucratic delays, and improving transparency in regulatory systems.
• Gender-specific procedures are not a major factor in Guyana, as the number of procedures and time required for men and women is the same.

Data Collection and Analysis

• The data for 11 large economies (including the United States, India, and China) are population-weighted averages of the two largest business cities.
• The distance to frontier (DTF) score is used to evaluate the gap between a country's regulatory environment and the best practices observed globally.
• The report serves as a tool for benchmarking, policy reform, and economic development, encouraging governments to improve regulatory efficiency.

Recommendations and Reforms

• The report recommends reforms to reduce the number of procedures, shorten time and costs, and improve the quality of regulatory frameworks.
• Specific areas for improvement in Guyana include:
  • Simplifying the registration process for companies.
  • Reducing the time and cost of construction permit approvals.
  • Enhancing building quality control and safety mechanisms.
  • Improving online procedures and transparency in regulatory systems.

Conclusion

The Doing Business 2018 report provides a comprehensive analysis of business regulations in Guyana and other economies, highlighting the challenges and opportunities for reform. While Guyana's regulatory environment is not among the best globally, there are clear opportunities for improvement in reducing the complexity and cost of starting a business and streamlining construction permit processes. The report serves as a valuable resource for policymakers, businesses, and researchers aiming to enhance the business climate and promote economic growth.