The Jakarta Post
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)