World Bank ends 'Ease of Doing Business' reports after 'irregularities'

  • 📰 PremiumTimesng
  • ⏱ Reading Time:
  • 41 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 20%
  • Publisher: 78%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

The group says it will be working on a new approach to assessing the business and investment climate.

on Thursday announced it has decided to discontinue the publication of its doing business rankings of countries after a review of data irregularities in the 2018 and 2020 reports.

The bank disclosed in a statement on Thursday that the internal reports raised “ethical matters” regarding the two reports. “Trust in the research of the World Bank Group is vital. World Bank Group research informs the actions of policymakers, helps countries make better-informed decisions, and allows stakeholders to measure economic and social improvements more accurately,” the statement said.

It said such research has also been a valuable tool for the private sector, civil society, academia, journalists, and others, broadening understanding of global issues. “After data irregularities on Doing Business 2018 and 2020 were reported internally in June 2020, World Bank management paused the next Doing Business report and initiated a series of reviews and audits of the report and its methodology.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Lol

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:

 /  🏆 3. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines