The economics ministry reported Thursday that Costa Rica has advanced 12 places on the World Bank Doing Business index. A low ranking reflects the ease of doing business in 10 categories.
Costa Rica’s new ranking is 110 out of 185 economies, according to the World Bank.
The Ministerio de Economía, Industria y Comercio last year set up a plan to improve the ranking and put in place 86 reforms, it said. However, nearly half are long-range.