TI slams World Bank chief over Doing Business scandal

Transparency International has condemned the controversy around the World Bank’s Doing Business report, driving speculations to its Managing Director’s credibility.
“It is not shocking that governments with authoritarian tendencies try to game international assessments,” said Daniel Eriksson, Transparency International Secretariat’s Chief Executive Officer. “If further substantiated, the willingness of officials in the top ranks of international organisations to bend to this pressure – be it in line with their personal objectives, desire to remain relevant or under the guise of multilateralism – would be truly alarming.”
The anti-corruption group recommends that bodies such as the World Bank and the International Monetary Fund take efforts to separate themselves from politics to maintain public trust.
Last week, the World Bank released the findings of an independent investigation into irregularities in its 2018 and 2020 Doing Business reports. The 84-page review, written by senior academics and economists, was published on the bank’s website on Monday.
The 2018 ease of doing business report had scored China 65.3 with a global ranking of 78. But after a review by another panel that looked into indicators like opening a new business, accessing credits and tax policies, China’s score fell to 64.5 and global ranking to 85.
The investigation put Managing Director of the IMF Kristalina Georgieva in the spotlight, though Ms Georgieva has denied the allegations of improper conduct.
The bank said on Thursday it would discontinue the report after the damning revelations. The Doing Business report focuses on taxes, red tape, regulation and other business conditions. It ranks countries based on how easy it is to register a business, enforce a contract, resolve bankruptcy issues, and has been cited by some governments seeking to attract investment.
We have recently deactivated our website's comment provider in favour of other channels of distribution and commentary. We encourage you to join the conversation on our stories via our Facebook, Twitter and other social media pages.
More from Peoples Gazette

Agriculture
FG tasks ECOWAS on leveraging financing strategies for agroecology
The federal government has urged stakeholders in the agriculture and finance sectors in the West Africa region to leverage financing strategies to enhance agroecology practices

Politics
Katsina youths pledge to deliver over 2 million votes to Atiku
“Katsina State is Atiku’s political base because it is his second home.”

Agriculture
Drone deployment, soil mapping urged to solve Nigeria’s food scarcity
An agritech expert says Nigeria can increase food production by adopting precision agriculture instead of expanding cultivation into shrinking farmlands.

Ibadan
Ibadan driver arrested for stealing employer’s car
Oluwasegun Olanrewaju appeared before the Iyaganku Magistrates’ Court, Ibadan, on Wednesday for stealing his employer’s car.

Politics
Nasarawa: Onawo dumps ADC for APM, to run for governor
The senator was elected on the platform of the Peoples Democratic Party in 2023. He later dumped the PDP and joined the ADC.

States
Alleged cop killers captured in Rivers: Police
The police command in Rivers has arrested three suspects in connection with the murder of two officers.

Education
Gov Makinde appoints substantive principal officers for Ibadan poly after 21 years
Mr Makinde approved the appointment of substantive principal officers for the polytechnic, ending 21 years of staffers serving in acting capacity.

Politics
SDP boasts of landslide victory in Nasarawa
SDP in Nasarawa has expressed confidence that it will win the governorship seat and other elective positions in the 2027 elections.





