World Bank admits Doing Business errors, suspends report

Friday, September 04, 2020

Forging ahead: Improving the countryu00e2u20acu2122s investment climate is among Serameu00e2u20acu2122s priorities

The World Bank has suspended its globally renowned Doing Business Report, amidst an investigation into errors that include how countries have been ranked for the past five years.

The annual report ranks countries worldwide on their ease of doing business, using indicators such as how long it takes to start a business, how quickly electricity can be connected, ease of visas, permits and licences, taxes, access to credit, contract enforcement and labour market.

The report is used by investors to guide their decisions and governments to enhance their investment climates.

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