St. Kitts and Nevis has dropped seven places to 134 out of 190 countries in the World Bank’s 2017 Ease of Doing Business report.
The twin-island nation ranked 127 in the 2016 report.
“St. Kitts and Nevis has dropped several points in seven of the ten benchmarks,” Opposition leader Dr. Denzil Douglas has said.
The findings come as the Team Unity administration nears their third year in power.
Part of the Team Unity manifesto included a promise to improve the ways of doing business in St. Kitts and Nevis.
The World Bank report highlighted little or no change in enforcing contracts, resolving insolvency and trading across borders.
Difficulties were noted in the processes for registering property, starting a business and obtaining credit.
Dr. Douglas has said that due to the factors noted in the report, it has been more difficult for individuals to start businesses this year.
According to the World Bank, a high ease of doing business ranking means the regulatory environment is more conducive to the starting and operation of a local firm.