The World Bank Group has decided to stop publishing its “Doing Business report on country investment climates” because of allegations of irregularities.
This decision was taken in the backdrop of the probe of data irregularities allegedly because of the pressure by top bank officials, for boosting China’s ranking in 2017, came to light.
“After reviewing all the information available to date on ‘Doing Business’, including the findings of past reviews, audits, and the report the bank released today on behalf of the board of executive directors, World Bank Group management has taken the decision to discontinue the Doing Business report,” the World Bank Group said in a statement on Thursday. World Bank also noted that it will remain firmly committed towards advancing the role of the private sector in development and providing support to governments in order to design the regulatory environment that supports this. World Bank will now be working on a new approach of assessing the business and investment climate.