Myanmar Rank 2020: 164/190 (2019: 164; Change: 0)

Doing Business studies the time, cost, and outcome of insolvency proceed­ings involving domestic entities as well as the strength of the legal framework applicable to judicial liquidation and reorganization proceedings. The data for resolving insolvency indicators are derived from questionnaire responses by local insolvency practitioners and verified through a study of laws and regulations as well as public information on insol­vency systems. The ranking of economies on the ease of resolving insolvency is determined by sorting their scores for resolving insolvency. These scores are the simple average of the scores for the recovery rate and the strength of the insol­vency framework index. [More…]

Source: World Bank