World Bank has stopped the publication of its “Doing Business” report to probe data collection irregularities in the annual ranking of countries’ business and investment climates. According to World Bank “A number of irregularities have been reported regarding changes to the data in the Doing Business 2018 and Doing Business 2020 reports, published in October 2017 and 2019”.
World Bank would conduct a systematic review of data changes in the last five Doing Business reports, and independent auditors will probe data collection and review processes. The last Doing Business report was published in October 2019 in which India was ranked 63rd while New Zealand was on top.
Important takeaways for all competitive exams:
- President of World Bank: David Malpass.
- World Bank Headquarters: Washington D.C., United States.
- World Bank Founded: July 1944.