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

Guinea Insurance Completes Recapitalisation, Positions for Market Leadership, Next Phase of Growth

Guinea Insurance Plc has successfully completed its recapitalisation exercise,...

AXA Mansard’s New Digital Tool to Make Vehicle Inspection Fast and Easy

AXA Mansard Insurance, a member of the AXA Group,...

AXA Mansard Health’s WhatApp ChatBot, Karis, to Reduce Waiting Time at Hospital

In an attempt to reduce waiting time and ensure...

AXA Mansard, Lagos DSVA Intensify Campaign Against Domestic, Sexual Violence

AXA Mansard has partnered with the Lagos State Domestic...

Topics

Dell Expands UltraSharp Monitor for Innovation, Transformation

As a new generation floods the job market, there...

NNPC Set to Deliver Gas Revolution with OB3 Gas Pipeline Project

L-R: Mr. Barwa Mohammed; NNPC Limited's Executive Vice President,...

Consolidated Hallmark Insurance Reports N6bn Income in 2O15

Consolidated Hallmark Insurance Plc has reported premium income of...

NGX, CIIN, PufferPay Back Digital Innovation to Transform Nigeria’s Financial Ecosystem

L-R:  Mr. Emmanuel Ovaga, MD/CEO, PufferPay Ltd; Sola Longe-Okenimkpe,...

‘Enabling Digitally-led Trade Growth is a Key Opportunity’—Standard Bank

  Vinod Madhavan Head of Trade Standard Bank The Covid-19 outbreak is set...

Retirement: 6 in 10 Americans Lack $500 Savings

A report by CNNMoney says nearly six in 10...

Sterling Leads Charge in Revolutionising Africa’s Agric Value Chain

L-R: Managing Director Sterling Bank, Mr. Abubakar Suleiman; Keynote...
spot_img

Related Articles

Popular Categories

spot_imgspot_img