Cambodia has room to improve business climate: WB

PHNOM PENH, Sep. 9, 2009 (Xinhua News Agency) -- Cambodia's ranking has remained low on the global ease of doing business in 2008/2009 while most economies in East Asia and the Pacific strengthened business regulations to help increase opportunities for local firms, the press release from the World Bank (WB) office here said on Wednesday.

"Cambodia was ranked No. 145 out of 183 countries on the ease of doing business as the global economic crisis prompted many countries to accelerate reforms, improving their ranking relative to Cambodia," the World Bank said.

"The World Bank and IFC, the member of the World Bank Group focused on private sector development, are working with the government on improving the business climate." Click to read more...