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LATEST NEWS UPDATES | The end of the doing business rankings -R Nagaraj

The end of the doing business rankings -R Nagaraj

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published Published on Sep 21, 2021   modified Modified on Sep 21, 2021

-The Hindu

The Ease of Doing Business index was plagued with problems and deserves to be scrapped

On September 16, the World Bank Group scrapped its flagship publication, the ‘Doing Business’ report. This report publishes the influential annual ranking of countries on the Ease of Doing Business (EDB) index. The Group acted on its commissioned study to examine the ethical issues flagged in preparing the 2018 and 2020 editions of the EDB index. The allegation surrounding Kristalina Georgieva, Managing Director of the International Monetary Fund, is the proximate reason for scrapping the publication. As Chief Executive Officer of the World Bank in 2018, Ms. Georgieva is accused of having exerted pressure on the internal team working on the Doing Business report to falsely boost China’s rank by doctoring the underlying data. Similarly, tensions were also reportedly brought to bear in the case of Saudi Arabia’s rank, among others.

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The Hindu, 21 September, 2021, https://www.thehindu.com/opinion/op-ed/the-end-of-the-doing-business-rankings/article36576467.ece?homepage=true


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