It cited data irregularities that also boosted rankings of other countries, including Saudi Arabia, the United Arab Emirates and Azerbaijan.
“Business Ready... reflects a more balanced and transparent approach toward evaluating a country’s business and investment climate,” the bank said in a statement. “The main thing that went wrong was the data integrity of Doing Business was compromised,” Mr Norman Loayza, director of the World Bank’s Indicators Group, which leads the project, told Reuters.
The bank will also make available the tools needed by outsiders to replicate the results of the data assessments.
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:
Malaysia Malaysia Latest News, Malaysia Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
World Bank set to launch more robust, transparent business climate rankingsWASHINGTON : The World Bank will announce on Monday a new methodology for assessing the business climate in up to 180 countries after embarrassing revelations of data irregularities and favoritism toward China forced it to cancel the 'Doing Business' rankings two years ago.The bank said a pilot edition of
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
US expects business engagement, 'military enhancements' from Philippines summitPhilippine President Ferdinand Marcos Jr is due in the United States on Sunday for a four-day visit. Read more at straitstimes.com.
Source: STForeignDesk - 🏆 4. / 71 Read more »
Kourtney Kardashian accuses Kim of using her wedding as business opportunityThere seems to be a feud brewing between the Kardashian sisters, Kourtney and Kim. Kourtney accused Kim of using her wedding as a business opportunity in the ne
Source: IndependentSG - 🏆 9. / 63 Read more »