The World Bank Group has decided to discontinue publication of its ‘Doing Business” rankings of country business climates after a review of data irregularities in the 2018 and 2020 reports. The decision was taken by the Board of Executive Directors, World Bank Group management after data irregularities on Doing Business 2018 and 2020 were reported.
To fill the void created by the discontinuation of this report, World Bank would be working on a new approach to assessing the business and investment climate.
Important takeaways for all competitive exams:
- World Bank Headquarters: Washington, D.C., United States.
- World Bank Formation: July 1944.
- World Bank President: David Malpass.