World Bank is told to dump rankings from ‘Doing Business’ report

ACCORDING TO AN INDEPENDENT REVIEW, The World Bank should stop ranking countries by how business-friendly they are. ABOVE: Jim Yong Kim, president of the World Bank Group, listens to a question at a news conference during the International Monetary Fund (IMF) and World Bank Group Spring Meetings in Washington in April 2013. / BLOOMBERG FILE PHOTO/ANDREW HARRER
ACCORDING TO AN INDEPENDENT REVIEW, The World Bank should stop ranking countries by how business-friendly they are. ABOVE: Jim Yong Kim, president of the World Bank Group, listens to a question at a news conference during the International Monetary Fund (IMF) and World Bank Group Spring Meetings in Washington in April 2013. / BLOOMBERG FILE PHOTO/ANDREW HARRER
LONDON - The World Bank should stop ranking countries on how business-friendly they are, according to an independent review that said an annual listing creates perverse incentives for governments. The bank’s annual “Doing Business” publication should continue under a new title and with a new methodology, Trevor Manuel, a former South African finance minister who…

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