• Friday, Oct 22, 2021
  • Last Update : 10:09 pm

World Bank Group discontinues Doing Business report

  • Published at 10:01 pm September 16th, 2021
World Bank
File photo of the World Bank Group logo on the building of the Washington-based global development lender in Washington DC, US Reuters

The decision came after irregularities were reported in June 2020 on the Doing Business report of 2018 and 2020

The World Bank Group issued a statement on Thursday saying that it decided to discontinue the Doing Business report. 

The decision came after irregularities were reported in June 2020 on the Doing Business report of 2018 and 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 former Bank staff, management reported the allegations to the Bank’s appropriate internal accountability mechanisms,” the statement read. 

“After reviewing all the information available to date on Doing Business, including the findings of past reviews, audits, and the report the Bank released on Thursday on behalf of the Board of Executive Directors, World Bank Group management has taken the decision to discontinue the Doing Business report,” it said. 

The statement further mentioned that 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,” it further read.

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