World Bank launches more robust, transparent business climate rankings

  • 📰 rapplerdotcom
  • ⏱ Reading Time:
  • 18 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 86%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

A new World Bank annual series called 'Business Ready' will replace the 'Doing Business' rankings that had been scrapped in 2021 over data irregularities and favoritism toward China.

. It cited data irregularities that also boosted rankings of other countries, including Saudi Arabia, the United Arab Emirates, and Azerbaijan.called “Business Ready” will be published in the spring of 2024, covering an initial group of 54 economies in Asia, Latin America, Europe, the Middle East, and Sub-Saharan Africa, the bank said.

World Bank Chief Economist Indermit Gill said the new approach enabled “a fuller and sharper measure of the investment climate of countries,” something he said was badly needed in a global economy in the midst of a generalized slowdown. The bank will also make available the tools needed by outsiders to replicate the results of the data assessments.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 4. in CA

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

US expects business engagement, ‘military enhancements’ from Philippines summitAt a summit on Monday, U.S. President Joe Biden and Philippines counterpart Ferdinand Marcos Jr are expected to reach agreements on greater business engagement, as well as “military enhancements” amid shared concerns about China. | Reuters
Source: inquirerdotnet - 🏆 3. / 86 Read more »