Daily Management Review

World Bank to end Doing Business ranking


The World Bank decided not to issue the annual Doing Business report on business conditions in different countries any longer. This is due to errors discovered in the calculations for the 2018 and 2020 reports.

The World Bank suspended publication of the Doing Business ranking a year ago. Creators of the rankings suspected that mistakes were made in the data collection and added that they might revise past results. US law firm WilmerHale concluded that World Bank officials had forced their peers to inflate China's ranking by 13 positions.

"After reviewing all the information available to date regarding Doing Business, including the findings of past reviews, audits and the report that the World Bank submitted today on behalf of its board of directors, World Bank group management has decided to discontinue (the preparation and publication of) the Doing Business report," the press release reads.

Former World Bank executive director and current International Monetary Fund (IMF) managing director Kristalina Georgieva denies arguments about her pressure on the former staff. "I strongly disagree with the findings and interpretation of the data breach investigation as it relates to my role in the World Bank's 2018 Doing Business report. I have already had a preliminary briefing with the Executive Board of the International Monetary Fund on the issue," Ms Georgieva's press office quotes her as saying.

source: reuters.com