Advertisement
Saturday, Oct 16, 2021
Outlook.com
Outlook.com

World Bank To Discontinue Doing Business Report After Reviewing Data Irregularities

After data irregularities on Doing Business 2018 and 2020 were reported internally in June 2020, World Bank management paused the next Doing Business report and initiated a series of reviews and audits of the report and its methodology.

World Bank To Discontinue Doing Business Report After Reviewing Data Irregularities
World Bank To Discontinue Doing Business Report After Reviewing Data Irregularities
outlookindia.com
2021-09-17T12:21:55+05:30

The World Bank Group said on September 16 it has decided to discontinue publication of its ‘Doing Business’ rankings of country business climates after a review of data irregularities in the 2018 and 2020 reports.

In a statement, the world bank said, “After data irregularities on Doing Business 2018 and 2020 were reported internally in June 2020, World Bank management paused the next Doing Business report and initiated a series of reviews and audits of the report and its methodology. In addition, because the internal reports raised ethical matters, including the conduct of former Board officials as well as current and/or former Bank staff, management reported the allegations to the Bank’s appropriate internal accountability mechanisms.”

“After reviewing all the information available to date on Doing Business, including the findings of past reviews, audits, and the report the Bank released today on behalf of the Board of Executive Directors, World Bank Group management has decided to discontinue the Doing Business report. The World Bank Group remains firmly committed to advancing the role of the private sector in development and providing support to governments to design the regulatory environment that supports this. Going forward, we will be working on a new approach to assessing the business and investment climate. We are deeply grateful to the efforts of the many staff members who have worked diligently to advance the business climate agenda, and we look forward to harnessing their energies and abilities in new ways,” the statement added.

Advertisement

Outlook Newsletters

Advertisement
Advertisement
Advertisement

Read More from Outlook

Kashmir Minority Killings A Throwback To The Terrifying 90s

Kashmir Minority Killings A Throwback To The Terrifying 90s

Outwardly peaceful, Kashmir has seen a spate of civilian killings in recent weeks. A silent unease has now exploded into fear and concern after the shooting of minorities.

CWC Meet Begins, Key Decisions On Party's Revamp, Election Of New Chief On The Cards

CWC Meet Begins, Key Decisions On Party's Revamp, Election Of New Chief On The Cards

The Congress Working Committee will deliberate over key issues including organisational elections, forthcoming assembly polls and the current political situation.

Dravid All Set To Become Head Coach Of Indian Cricket Team

Dravid All Set To Become Head Coach Of Indian Cricket Team

He has been in charge of the India A and U-19 set-up for the past six years and a lot of players have come through the system prepared by him.

Lynching, Chopping Off Hand Was 'Punishment' For 'Desecrating' Holy Book: Nihang

Lynching, Chopping Off Hand Was 'Punishment' For 'Desecrating' Holy Book: Nihang

A man wearing the blue robes of the Sikhs’ Nihang order appeared before the media, claiming that he had 'punished' the victim for 'desecrating' a holy book.

Advertisement