In October, the World Bank discusses compensation for ‘Doing Business’ reports by Reuters

© Reuters. FILE PHOTO: A participant stands near a World Bank logo at the International Monetary Fund – World Bank Annual Meeting 2018 in Nusa Dua, Bali, Indonesia October 12, 2018. REUTERS/Johannes P. Christo

WASHINGTON (Reuters) – The World Bank’s board will next month discuss plans to replace the bank’s annual “Doing Business” rankings that were canceled in September 2021 after an external report found data irregularities, World Bank President David Malpass said.

Malpass told an event hosted by Stanford University on Wednesday that there were still problems defining how to assess a country’s business climate, but the bank and its various arms, including the International Finance Corp, were all working to continue encouraging activity in the private sector.

“The World Bank is very involved in trying to promote the development of the private sector in countries,” he said.

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