External Review Finds Deeper Rot In World Bank 'Doing Business' Rankings
NDTV
An 84-page review, written by senior academics and economists, was published on the bank's website on Monday, about three weeks after it was submitted to World Bank chief economist Carmen Reinhart.
Weeks before the World Bank scrapped its flagship Doing Business rankings following a damning independent probe, a group of external advisers recommended an overhaul of the rankings to limit countries' efforts to "manipulate their scores."
An 84-page review, written by senior academics and economists, including the former Colombian finance minister, was published on the bank's website on Monday, about three weeks after it was submitted to World Bank chief economist Carmen Reinhart.
The World Bank on Thursday said it would cancel the "Doing Business" series on country business climates, citing internal audits and an independent probe that found senior World Bank leaders, including Kristalina Georgieva, who now heads the International Monetary Fund, pressured staff to alter data to favor China during her time as World Bank CEO.
Georgieva has strongly denied the findings.
