November 12

World Bank Plans To Replace Cancelled ‘Doing Business’ Report in Two Years

By Andrea Shalal

The World Bank plans to unveil in about two years a replacement for its flagship “Doing Business” report on countries’ business climate, which was cancelled after a data-rigging scandal, the bank‘s chief economist, Carmen Reinhart, told Reuters.

Reinhart, who was elevated to senior management as part of the bank‘s bid to rebuild its credibility after the ethics concerns, said some key concepts for the new product were already clear.

These included a mandate for more transparency about the underlying methodology, greater reliance on survey data from companies and less focus on ranking countries.

Photo courtesy of Pete Linforth.

Source: The Wire (link opens in a new window)

banks, climate, data, environment, social impact, sustainability