Indonesia is among the top-five most improved nations worldwide with regard to ease of doing business, but it is no time for complacency as President Joko “Jokowi” Widodo’s ambitious target remains unmet.

The country’s ranking on the ease-of-doing-business index in the World Bank’s flagship annual report has jumped 15 places to 91st position, one of the best improvements among 190 countries in the survey, although Jokowi is looking for the country to achieve 40th position.

“The economies showing the most notable improvement in performance on the “Doing Business” indicators in 2015/2016 were Brunei Darussalam, Kazakhstan, Kenya, Belarus and Indonesia,” reads the report, which also names New Zealand as the easiest country in which to do business, taking over the top spot from Singapore for the first time in a decade.

The significant jump in Indonesia’s ranking is based on improvements made in starting a business, getting electricity, registering property, getting credit, paying taxes, trading across borders and enforcing contracts.

Jokowi in April issued the 12th economic stimulus package that specifically targeted a significant improvement in the World Bank’s index — regarded as a parameter for investors around the world – by scrapping many procedures and reducing both the time and cost involved in starting a business.

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