DOHA with significant improvement on several parameters, including access to credit, Qatar ranked the 36th best place to matters between 183 economies assessed by the World Bank Doing Business report 2012. It was placed 38th in 2011.
Among the 20 countries of Middle East and North Africa (MENA), third-placed Qatar.
According to the most recent Financial Stability Review by Qatar Central Bank (QCB), the General rank in terms of improved access to credit to 98 in 2012 of 138 in 2011, Thanks largely to the formation of the credit bureau of Qatar during the year.
In ' a fast growing economy with increasing demand for credit, the role of the credit Bureau will be to the banks, corporate ' and financial institutions with credit information to help them that credit services, the report said QCB.
The Agency is expected to serve a fourfold purpose, including, information asymmetries between borrowers and lenders, which allows lenders to evaluate risks more accurately, thereby improving the quality of the portfolio, reducing the cost of credit from creditworthy borrowers to reduce and finally make good collateral, it added.
The revision has also said that with a score of 47.74, Qatar is ranked 26th (from 125 countries) in the recently released Global Innovation Index 2011, from 35 in the previous year, before the BRICS, as China (29), Brazil (47), Russia (56) and India (62).
Among the GCC countries, Qatar ranks well ahead of his closest competitor UAE with a score of 41.99.
Overall, Switzerland the first grade with a score of 63.82 (of a maximum of 100), whereas the lowest-placed Algeria economy with a score of 19.79.
In July 2010, when credit rating agency Standard & poor's raised its long-term sovereign rating for Qatar of ' AA-' to ' AA ' retrieved from Qatar economy a boost. The five year credit default swap (CDS) spread (a measure of the price paid to insure debt issued by a country) of Qatar is currently one of the lowest for the GCC countries. These spreads, which is about 83 basis points at the beginning of 2011, stood at 130 basis points if on 30 December 2011.
In fact, during the year, CDs spreads with Saudi Arabia often higher than that of Qatar, as a result of the differential market perception of risks.
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