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
spot_img

Hot this week

Tinubu’s Biggest Opponent is Not Obi or Atiku… It’s Tinubu

  By Moses Braimah "A government that spends more time explaining...

NHIA: 22m Nigerians Embrace Mandatory Health Insurance as Momentum Rises

The National Health Insurance Authority (NHIA) has announced significant...

Warrior Mums Global to Host Inaugural Warrior Mums Conference 2026 in Lagos

  Empowering Mothers to Raise Leaders, Nation Builders and...

NLNG Wins Operational Excellence Award at NOG Energy Week 2026

NLNG Managing Director, Adeleye Falade (centre), flanked by Deputy...

Polo Avenue Invites Lagos to Its Exclusive 2026 Sample Sale

Polo Avenue, Nigeria's premier luxury fashion destination, is set...

Topics

The Bamishe Family Buries Matriarch in Grand Style

L-R:  Idowu Baderin, second daughter of the deceased; Jide...

Danbatta Spotlights Centrality of Consumers to Telecoms Industry

  As the World Consumer Rights Day (WCRD) was celebrated...

NDIC, NIESV Strengthen Partnership on Failed Bank Asset Valuation 

The MD/CE of the NDIC, Mr. Thompson Oludare Sunday,...

CBN Plans Digital Currency by October 1, 2021

The Central Bank of Nigeria (CBN) will unveil its...

‘Information on Looted Funds Will Enhance 2018 Budget’

President Buhari presenting the 2018 federal budget to the...

New WAIFEM DG, Baba Musa, Plans to Build Next Generation of Economic Leaders

The Director General of the West African Institute for...

NGE Mourns Veteran Journalist, ODAFE OTHIHIWA

The entire members of the Nigerian Guild of Editors...

NCDMB Holds Retreat with Senate Committee on Local Content, Seeks Close Collaboration

Cross-section of NCDMB management and members of the Senate...
spot_img

Related Articles

Popular Categories

spot_imgspot_img