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LATEST NEWS UPDATES | World Bank to discontinue ‘Doing Business’ reports after irregularities found in data -Kunal Gaurav

World Bank to discontinue ‘Doing Business’ reports after irregularities found in data -Kunal Gaurav

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published Published on Sep 16, 2021   modified Modified on Sep 17, 2021

-Hindustan Times

The irregularities in Doing Business reports had affected four countries: China; Saudi Arabia; United Arab Emirates; and Azerbaijan.

World Bank Group has decided to discontinue ‘Doing Business’ reports that used to assess investment climate in countries after data irregularities were found in 2018 and 2020, reported news agency Reuters. In August 2020, World Bank paused the publication of Doing Business reports following a number of irregularities were reported regarding changes to the data.

The international financial institution later confirmed that the changes were inconsistent with the Doing Business methodology. The World Bank has now said in a statement that a new approach will be worked out to assess countries' business and investment climates after the irregularities raised ethical matters involving former bank staff and board officials, according to Reuters.

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Hindustan Times, 16 September, 2021, https://www.hindustantimes.com/world-news/world-bank-to-discontinue-doing-business-reports-after-irregularities-found-in-data-101631805989405.html


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