Burundi was ranked 7th in 2012 and 5th in 2013:
According to the authors, Burundi was among the world's most active economies in implementing regulatory reforms in 2011/12.
During presentation of the report last week, Dr Ir Gervais Rufyikiri, the Burundi Second Vice-President and Chairman of the Decision-making Committee for Doing Business, said Burundi is determined to improve. However, he asked the World Bank and IFC, as well as other potential partners to continue providing technical and financial support for maintaining the pace of reforms.
Since 2011,the government has given priority to improving the business environment. In terms of world rankings, since the beginning of reforms, Burundi has advanced 21 places and is currently ranked 159th out of 185 economies evaluated by the survey.
Between June 2012 and May 2013, more than 1625 national and foreign companies have started business in the country. Key reforms implemented in 2012-2013 cover nine indicators, namely business start ups, obtaining building permits, protecting investors, registering property, paying taxes, electricity connections, trade across borders, resolving insolvency and access to credit.
Burundi's success has been in reducing time and costs for investors.
One of the most important reforms recently implemented is opening a one-stop shop to cater for investors inquiries and related needs. However in one day, and at a cost of only 42,500 BIF (around $266), you can formalise your business.
The next step is the computerization of that one-stop shop. Three other one-stop shops, namely property transfer, granting building permits and electricity connections are being set up.
BY CLAUDINE SIMBARUHIJE
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