World Bank Rates St Lucia As Top CARICOM Island for Business

The World Bank 'Doing Business Report 2012,' ranked St.Lucia at #52 of 183 "Economies on their ease of doing business" in the world and the island holds the top overall position in the Caribbean region. Followed by Antigua (57), Panama (61), Dominica, Trinidad, Grenada, St Vincent, Bahamas, Jamaica and Belize. Haiti was the lowest ranked island. 
Morocco is the most improved region worldwide, jumping 21 places between May 2010 to May 2011. The list shows the top five countries in the world doing business as, Singapore, Hong Kong, China, New Zealand, United States and Denmark consecutively.

Just recently in March, the World Bank approved US$15 million line of interest free credit to help St Lucia rebuild infrastructural damage from Hurricane Tomas, which created havoc in the island. Francoise Clottes, World Bank’s Caribbean director told Caribbean Journal that the Hurricane ‘created serious economic problems, especially in the areas of tourism and agriculture. Households and communities deemed vulnerable were particularly hard hit’. 

The Caribbean statistics were based on analysis of each country based on factors such as: 
1) Starting A Business Jamaica, Dominica, St Lucia, Panama, St Vincent 
2) Dealing With Construction Permits St Vincent, Belize, Grenada, St Lucia, St Kitts 
3) Getting Electricity St Lucia, Panama, Antigua and Barbuda, St Vincent and the Grenadines 
4) Registering Property Jamaica, Guyana, Dominica, St Lucia, Panama 
5) Getting Credit Trinidad, Panama, Dominica, Bahamas, Belize 
6) Protecting Investors St Lucia, Trinidad, Antigua, Dominica, Grenada, St Vincent, St Kitts 
7) Paying Taxes St Lucia, Belize, Bahamas, Trinidad, St Vincent 
8) Trading Across Borders Panama, St Vincent, Grenada, St Kitts, Dominican Republic, Bahamas
9) Enforcing Contracts Antigua, Guyana, Dominican Republic, Haiti
10) Resolving Insolvency Jamaica, Belize, Bahamas, St Lucia, St Vincent

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