The World Bank’s new flagship project aims to help countries attract investment and boost jobs.
Subsequent reports adding more countries will follow in the next two years as the bank refines its methodology and ramps up the new flagship project, which aims to help countries attract investment and boost jobs and productivity to accelerate development. World Bank chief economist Indermit Gill said the new approach enabled “a fuller and sharper measure of the investment climate of countries – something that is badly needed in a global economy in the midst of a generalised slowdown”.
“The main point for us is that we need to ensure data integrity and we have a very comprehensive approach to do that.” But World Bank officials were still debating whether to revive the business climate rankings that were at the heart of the “Doing Business” controversy or produce an overall index, Loayza said, with a decision expected prior to the first report.