Opinion | The cost of ‘Doing Business’ at the World Bank

This episode illustrates the pitfalls of growing Chinese influence over the world’s multilateral institutions. The World Bank has discontinued its “Doing Business” reports, which seems like the right call in the immediate aftermath of such a blow to its credibility. Ideally, though, the bank will salvage what was useful about the rankings, through a new report and reformed processes incorporating its critics’ legitimate concerns, as an external review panel recommends. Ranking systems are not perfect, or incorruptible, but, at their best, they can provide a measure of transparency, in a world that needs more.

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