- Business Monitor International Ltd www BMi ratings � Brief Methodology composite rating The composite rating is an unweighted geometric mean of the short-term political and short-term economy ratings, allowing a ranking of all countries in BMI s emerging markets universe. political ratings The political ratings are an indicator of political stability, seen as a pre-requisite for a stable economy and business environment. ...The factors considered include: the state of the national infrastructure, the education system, cronyism/ corruption, red tape, the legal framework, property rights, market access and the corporate tax regime. - Business Monitor International Ltd www BMI Ratings poLiticaL risK structural risks remain Lebanon will remain one of the most politically unstable countries in the region in the foreseeable future owing to the complicated mix of ethnic communities in a relatively open and democratic environment. The fact that neighbouring Syria has experienced a complete breakdown in its security environment does little to inspire confidence in medium-term stability. ...However, it is let down by infrastructural shortfalls, corruption, restricted govern- ment authority over parts of the country and political risk. In addition, if the government is to redress its huge budget deficit and pay down the debt, taxes will have to rise.
...Damascus undertook some key reforms to improve the country s business environment before the beginning of the civil war, such as allow- ing greater private investment in specific sectors through public-private partnerships. Syria s cabinet has authorised the ministry of Transport to contract directly with private-sector companies for the building and operation of new airports, as well as the development and operation of existing ones. ...Damascus undertook some key reforms to improve the country s business environment before the beginning of the civil war, such as allow- ing greater private investment in specific sectors through public-private partnerships. Syria s cabinet has authorised the ministry of Transport to contract directly with private-sector companies for the building and operation of new airports, as well as the development and operation of existing ones. However, as long as the civil war continues foreign investment will remain virtually non-existent. ...
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