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Updated Oct 13, 2021 | 15:35 IST
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  • The report provided a detailed assessment of costs, procedures and requirements that various types of private enterprises are saddled with in different countries while also providing country-specific recommendations to reform laws and practices
  • Of the various measures the World Bank took as part of its probe was roping in WilmerHale, a law firm, to conduct an investigation in January 2021
  • Also implicated in the controversy is Kristalina Georgieva, a Bulgarian economist who took over as the interim president of the World Bank Group following Yong Kim's resignation. WilmerHale's report noted that data for China had been supposedly manipulated at Georgieva's insistence

football betting app in india,In an unusual move, the World Bank, in mid-September, announced that it was set to discontinue publishing its Doing Business report on the back of an independent investigation that, reportedly, found “data irregularities” that prevailed in the 2018 and 2020 reports. 

The international finance body had temporarily suspended publishing its next Doing Business report in August last year, having carried out “a series of reviews and audits of the report and its methodology.” ,soccer star

“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,” read a statement on the organisation's website.,burton fc

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football world cup betting odds,The Doing Business report was a flagship report of the World Bank, tracing the degree of business regulation that exists across 190 economies. 12 broad parameters are used to evaluate the ease of doing business in countries including the feasibility of securing construction permits, getting electricity, sourcing credit, minority investor protection, taxation policies and cross-border trading. 

The report provided a detailed assessment of costs, procedures and requirements that various types of private enterprises are saddled with in different countries while also providing country-specific recommendations to reform laws and practices. ,casino royale hot scenes

free slots 30,The report was critical in formulating the yearly Ease of Doing Business (EoDB) index. The index is a ranking mechanism that details how business-friendly different countries are, operating as a vital tool in assessing whether countries' had improved or degenerated in their quest to create an economic climate that facilitates business activity and growth. 

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football betting systems that win,The trouble largely began in January 2018 when Paul Romer, the then chief economist of the World Bank, revealed to the Wall Street Journal that the organisation's Ease of Doing Business (EoDB) rankings had been manipulated for political reasons. Not long after the revelation, Romer, a Nobel Prize recipient in Economics, stepped down from his post. 

His comments though sparked an internal audit to look into the rankings, and in August last year, the World Bank decided to suspend the rankings stating that the “changes in the data were inconsistent with the Doing Business methodology.” Specifically, it was the rankings of China, Saudi Arabia, UAE and Azerbaijan that were found to be suspect. ,odds tracker

Of the various measures the World Bank took as part of its probe was roping in WilmerHale, a law firm, to conduct an investigation in January 2021. In its independent report released in September 2020, the firm confirmed that former World Bank chief executive Jim Yong Kim had discussed China's performance with various Chinese government officials in September 2017, amounting to a breach of the bank's ethics and practices. It also found that the executive director for China had met with the organisation East Asia and Pacific regional office, urging them to improve China's ranking. 

Also implicated in the controversy is Kristalina Georgieva, a Bulgarian economist who took over as the interim president of the World Bank Group following Yong Kim's resignation. WilmerHale's report noted that data for China had been supposedly manipulated at Georgieva's insistence. The report, however, did not find any irregularities concerning the rankings of UAE, Saudi Arabia and Azerbaijan. 

In late September, Georgieva refuted allegations that she had pressured World Bank staff to tweak data to favour China, saying to IMF staffers, “Let me put it very simply to you. Not true. Neither in this case, nor before or after, I have put pressure on staff to manipulate data,” as reported by Reuters. Earlier this week, the IMF executive board also released a statement backing Georgieva, adding that WilmerHale's report did not provide conclusive evidence that she acted improperly. ,football targeting rule

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