Wednesday, June 10, 2026
25.9 C
Lagos

World Bank Dumps Doing Business Report over Data Irregularities

The World Bank Group issued the following statement on the Doing Business report:

“Trust in the research of the World Bank Group is vital. World Bank Groupresearch informs the actions of policymakers,helps countriesmake better-informed decisions,andallows stakeholders to measure economic and socialimprovements more accurately.Suchresearch has also been avaluable toolforthe private sector,civil society, academia,journalists, and others, broadening understanding of global issues.

Afterdata irregularities on Doing Business 2018 and 2020 were reportedinternally in June 2020, World Bank managementpausedthe next Doing Business report andinitiateda series ofreviewsandauditsof 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 ofpast reviews, audits, and the report the Bank released today on behalf of the Board of Executive Directors, World Bank Groupmanagementhas taken the decision todiscontinue theDoing 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.”

spot_img
spot_img
spot_img
spot_img

Hot this week

Heirs Insurance: 3m Policyholders in 5 Years of Industry Transformation

Heirs Insurance Group says it has recorded over three...

Universal Insurance CEO, Jeff Duru, Chairs SUPERNEWS Confab 2026, as Idu Okeahialam Delivers Keynote Paper

SUPERNEWS Nigeria has announced the Managing Director/Chief Executive Officer of...

REA CEO, Stakeholders to Brainstorm on Nigeria’s Energy Transition Pathway at 2026 Oriental News Conference 

The Rural Electrification Agency (REA), would be leading conversations...

Mutual Benefits Unveils New Website, Expanding Digital Access to Insurance Solutions

  New Platform Enhances Customer Experience, Enables Online Purchase...

Topics

Dividend Payment Awards for Quoted Firms on Feb 10

The maiden edition of Dividend Payment Awards for listed...

…Ecobank Raises Remuneration of EDs by 9% after Sack of Workers

Meanwhile, in its annual report, Ecobank revealed that while...

Olashore School Plans Supplementary Exams

Olashore International School will be organising supplementary examinations for...

ADB invests $20m in Rx Healthcare Fund for Healthcare Delivery in Africa

The Board of the African Development Bank (AfDB) has...

NAICOM Begins Process to Register HEIRS, Enterprise, Stanbic as Insurers

The National Insurance Commission (NAICOM) says it has received...

CHI Pays Accident Claims of NAIPCO Member 

Consolidated Hallmark Insurance (CHI) Plc has paid accident claims of...

MTN, Ecobank to Deepen Financial Inclusion Across Africa

The MTN Group and Ecobank Transnational Incorporated (ETI) have...
spot_img

Related Articles

Popular Categories

spot_imgspot_img