World Bank's ‘Doing Business’ report raises hackles


World Bank Group President Kim Jim Yong, who appointed an independent panel last year to review the Doing Business report after criticism about it from some of the bank's board members, said he would keep the rankings since they help countries improve their business climates - EPA Photo.

WASHINGTON: The World Bank said on Monday that its scorecard on the ease of doing business around the world has spurred thousands of regulatory reforms in the past decade, pushing back against critics who argue the national rankings stigmatise rather than inspire.

In its latest Doing Business report, the bank said Ukraine was the country that has improved the most over the past year in making it easier to run a business, while Rwanda was most improved since 2005.

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