The World Bank Group has decided to discontinue publication of its Doing Business report on country investment climates, following allegations of irregularities. The decision was taken after a probe of data irregularities allegedly due to pressure by some top bank officials to boost China’s ranking in 2017 came to light recently. 

“After reviewing all the information available to date on Doing Business, including the findings of past reviews, audits and the report that 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,” the World Bank Group said in a statement on Thursday. 

The group remained firmly committed to advancing the role of the private sector in development and providing support to governments to design the regulatory environment that supports this, it said. 

“Going forward, we will be working on a new approach to assessing the business and investment climate. We are deeply grateful to the efforts of the many staff members who have worked diligently to advance the business climate agenda, and we look forward to harnessing their energies and abilities in new ways,” it added. 

Observing that the trust in the research of the World Bank Group was vital, it said, World Bank Group research informed the actions of policymakers, helped countries make better-informed decisions and allowed stakeholders to measure economic and social improvements more accurately. 

After data irregularities on Doing Business 2018 and 2020 were reported internally in June 2020, it said, World Bank management had paused the next Doing Business report and initiated a series of reviews and audits of the report and its methodology. 

According to the Doing Business 2020 report, India had jumped 14 places to the 63^rd position on the Ease of Doing Business ranking. India has improved its rank by 79 positions in the past five years (2014-19).