3 Nov 2014

World Bank reports on business reform in Pacific

12:21 pm on 3 November 2014

The World Bank has applauded reforms in several Pacific Island countries for making it easier to do business.

Timor-Leste, Solomon Islands, Vanuatu and Palau all performed well in the 2015 World Bank Doing Business Report released last week.

A World Bank official, Jonathan Kirkby, says the areas of most improvement this year in the Pacific were in starting a business, getting electricity, registering property and trading across borders.

He says countries should use the report as a gauge to measure their progress.

"The countries that are ranked top in the world get there by continually undertaking reform, they are always looking at ways that they can improve the operation of their government regulation. So I think the countries in the Pacific and throughout the world can learn by looking at what other countries are doing."

Jonathan Kirkby says the top ranked countries in the world are Singapore, Japan and New Zealand.

In the Pacific they are Samoa, Fiji and Vanuatu.