World Bank urged to scrap ‘Doing Business’ index

Published June 24, 2013 9:20pm ET



WASHINGTON (AP) — An independent panel recommended on Monday that the World Bank scrap a contentious and influential ranking of countries meant to evaluate the ease of doing business.

The annual “Doing Business” report, first published by the World Bank in 2003, ranks 185 countries by aggregating 10 different indicators such as starting a business, getting construction permits, electricity, and credit, registering property, protecting investors, paying taxes, and enforcing contracts. It is supposed to assess how easy or difficult the regulatory and legislative environment makes it to do business.

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