The country scored 67.96 out of 100 in the report's aggregate measurement, up by only 1.46 points from last year. Slovenia, a Central European nation of only 2 million people and a $49 billion economy, sits in the coveted 40^th place with an overall score of 75.61.

Indonesia, for one, issued new rules that make starting a business, registering property and obtaining credit, easier for businesses and make it cheaper for them to get electricity. But reform stagnated in areas such as obtaining construction permits, protecting minority investors, paying taxes, trading across borders, enforcing contracts and resolving insolvencies.

These bottlenecks allow economies like China, Kenya and Kyrgyzstan to overtake Indonesia. China made a leap to 46^th place in this year's report, from 78^th last year. Kenya moved up 19 places to 61^st, while Kyrgyzstan went up seven places to 70^th.

Still, the report highlights Indonesia's success in reforming its judiciary system and making the country a case study for others to emulate. The Supreme Court introduced training programs in 2003 for new and experienced judges, as well as special training for judges presiding over more specialized cases, such as those involving commercial or maritime disputes.

"Indonesia's efforts to train judges following judicial reforms bore positive results through a substantial decrease in court backlogs and insolvency case resolution times," the World Bank said in the report.

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