Almost four months after releasing its flagship report, Doing Business, the World Bank Group reported on its new approach to assessing the business and investment climate of economies around the world. The World Bank-led review for the development of the new Business Enabling Environment (BEE) document will begin at the end of March 2022.
As for the summary of the project, or its concept note, it will be available in mid-April of this year. As regards the deadline for the publication of the first complete version of the BEE report, the World Bank has chosen the end of autumn 2023.
The new BEE report is based on ten key indicators which are business creation, workforce management, financial services, international trade, taxation, ease of finding business premises, connection to water and electricity , dispute resolution, market competition and business insolvency.
The new version will feature a ” balanced attention to the regulatory framework and to the provision of public services “. The agency also points out that hype and hype will be avoided when its rankings are published. The new report will serve the” the institution’s dual goal of ending poverty and increasing shared prosperity “.
The BEE’s predecessor, Doing Business, raised many questions and criticisms for the suspension until September 2021. The World Bank report played an important role in promoting the attractiveness of emerging markets for foreign investors.
In September, the Bretton Woods institution withdrew its flagship publication, Doing Business, citing “data irregularities” in some editions of the Global Business Climate Index.
In addition, the former director of the World Bank and current CEO of the International Monetary Fund (IMF), Kristalina Georgieva, allegedly exercised a ” pressure rank some countries favorably, according to an independent survey. Data manipulation concerns relate to publications in 2018 and 2020. Affected states are the United Arab Emirates, Saudi Arabia, China and Azerbaijan.
Mariem Ben Yahia
Posted 02/11/22 11:28