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Indonesia slides to 73rd place in 2019 EODB index
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Happy ending: World Bank president Jim Yong Kim (left to right), International Monetary Fund managing director Christine Lagarde, Coordinating Maritime Affairs Minister Luhut Pandjaitan, who is also the chairman of the 2018 Annual Meetings of the IMF-World Bank Group national organizing committee, Finance Minister Sri Mulyani Indrawati and Bank Indonesia Governor Perry Warjiyo laugh as they link arms during the closing ceremony of the event in Nusa Dua, Bali, on Oct. 14. (The Jakarta Post/Wendra Ajistyatama)
Indonesia has moved down one place to 73rd in the World Bank's Ease of Doing Business Index for 2019.
The 2019 index placing had gone against President Joko “Jokowi” Widodo's expectation that Indonesia would improve to 40th place next year.
According to the report, released by the Washington-based lender on Wednesday, Indonesia scored 67.96 out of 100, an increase of 1.42 points.
However, the increase was lower than last year, when the country’s score increased 2.25 points to 66.54.
Read also: Indonesia jumps 19 places in EODB 2018: WB
Two years earlier, in the World Bank's Doing Business 2017: Equal Opportunity for All, Indonesia jumped 15 places to 91st from 106th.
In the report, the World Bank highlighted Indonesia's reforms in starting businesses, registering property and attaining credit. On the other hand, the country's indicator of tax payments has slightly declined.
New Zealand tops the 2019 index with a score of 86.59, unchanged from 2018, followed by Singapore, Denmark, Hong Kong and China and South Korea. (gda)
