June 25, 2013
An internal review has thrown into question the validity of the World Bank publishing a competitive economic ranking of countries according to how business-friendly they are.
An independent panel set up by the World Bank’s new president, Jim Yong Kim, to look at one of its highest profile country report said yesterday the bank should stop producing it because it may be misleading.
The bank’s annual “Doing Business” study judges 185 countries on 10 criteria and compiles an index on the ease of doing business, assigning each country a rank. The rankings can carry huge weight with governments.