AKIPRESS.COM - The World Bank Group announced publication of the Doing Business report will be paused for the period of assessment.

Over the 17 years of its existence, the Doing Business report has been a valued tool for countries seeking to measure costs of doing business. Doing Business indicators and methodology are designed with no single country in mind, but rather to help to improve the overall business climate, the World Bank said.

A number of irregularities have been reported regarding changes to the data in the Doing Business 2018 and Doing Business 2020 reports, published in October 2017 and 2019. The changes in the data were inconsistent with the Doing Business methodology.

The integrity and impartiality of data and analysis is paramount, for this reason the World Bank is conducting a systematic review and assessment of data changes that occurred subsequent to the institutional data review process for the last five Doing Business reports.

The World Bank Group’s independent Internal Audit function will perform an audit of the processes for data collection and review for Doing Business and the controls to safeguard data integrity.

The World Bank will act based on the findings and will retrospectively correct the data of countries that were most affected by the irregularities.

The Board of Executive Directors of the World Bank has been briefed on the situation as have the authorities of the countries that were most affected by the data irregularities.