World Bank discontinues Doing Business report over irregularities.
World Bank said it reached the decision to discontinue the report after “internal reports raised ethical matters, including the conduct of former Board officials as well as current and/or former Bank staff.”
Devex reported on Thursday that an independent investigation document found that Kristalina Georgieva, who served as the bank’s chief executive officer from 2017 to 2019 and is now the managing director of the International Monetary Fund, applied “pressure” to have China ranked more favourably.
Georgieva, however, disagreed with the findings.
“I disagree fundamentally with the findings and interpretations of the Investigation of Data Irregularities as it relates to my role in the World Bank’s Doing Business report of 2018,” she said in a statement.
The global lender noted that “trust in the research of the World Bank Group is vital” in continuing the issuance of the report.
“After reviewing all the information available to date on Doing Business, including the findings of past reviews, audits, and the report the Bank released today on behalf of the Board of Executive Directors, World Bank Group management has taken the decision to discontinue the Doing Business report,” World Bank Group said in a statement.