The report highlights the reforms undertaken by Sierra Leone to make it easier to do business in 4 areas of regulation: Getting credit, Cross borders trade, Enforcing contracts and Resolving insolvency issues.
The new processes and systems put in place in the country have made Sierra Leone one of the 12 economies in the world that have made the most regulatory reforms in 2010/2011, according to the World Bank’s report.
The Africa Governance Initiative of Tony Blair congratulated Sierra Leone and President Koroma on the achievement. The International Monetary Fund (IMF) is also positive about the potential in the country and is forecasting 5.75% growth for 2012.
With the progress in the ease of doing business, the investments being made in the country´s infrastructure and the expansion in the agricultural, tourism and mining industries, Sierra Leone is set to be one of the fastest growing economies in Africa this year.