Reuters, by Sunanda Creagh, 09.09.09, 07:41 AM EDT
JAKARTA, Sept 9 (Reuters) - Indonesia is the top reformer of business regulations in the East Asia and Pacific region, but judicial reform is urgently needed to attract new investment, according to a report released on Wednesday.
Indonesia's economy has grown at around 6 percent in recent years but lengthy, uncertain legal processes and corruption within the judiciary have thwarted investment.
The Doing Business report, produced yearly by the World Bank and the International Finance Corporation, ranks 183 economies on the ease of doing business by comparing factors such as how many days it takes to start a business, investor protection, access to credit, and ease of registering a property.
The 2010 report said Indonesia was the region's most improved and ranked it 122nd, up from 129th place the previous year.
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WB: Indonesia - The Most Active Reformer
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