GENEVA: Last week the World Bank announced it was "discontinuing" its "Doing Business" report, which ranks countries on the ease of opening and operating a company. It cited the outcome of an investigation that found the World Bank had changed the rankings under pressure of funding. It was originally intended as a way to measure improvements in countries' business environments. The Bank's board has said it will "be working on a new approach to assessing the business and investment climate." Under this scenario, it is not clear that there will be anything left for Doing Business to measure.

Source: Manila Times September 27, 2021 14:03 UTC