Australia ranks 11th in ease of doing business

Photo credit; Marc Falardeau on Flickr

Photo credit; Marc Falardeau on Flickr

Australia ranks 11th in the world for the ease of doing business and scores highly in terms of the ability to obtain credit and start a venture according to the World Bank/International Finance Corporation’s (IFC) latest annual Doing Business survey of 189 economies.

“Australia continues to rate highly overall and ranks among the top five economies when it comes to the ease of getting credit and starting a business,” IFC senior operations officer for the Pacific Jonathon Kirkby said in a statement on Tuesday.

Singapore continues to provide the world’s most business-friendly regulatory environment for local entrepreneurs, followed by Hong Kong and then New Zealand.

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