{"id":13555,"date":"2020-08-29T19:34:05","date_gmt":"2020-08-29T19:34:05","guid":{"rendered":"https:\/\/www.africa-press.com\/kenya\/?p=13555"},"modified":"2020-08-29T19:34:05","modified_gmt":"2020-08-29T19:34:05","slug":"world-bank-suspends-key-business-report","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/kenya\/economy\/world-bank-suspends-key-business-report","title":{"rendered":"World Bank suspends key business report"},"content":{"rendered":"

Author:\u00a0Wainaina Wambu\u00a0<\/strong>
\nAfricaPress-Kenya:<\/strong> The World Bank has suspended the publication of a key annual report that countries use to gauge their ease in attracting investors, pending a probe on data irregularities.<\/p>\n

The Doing Business report, started 17 years ago, is one of the most quoted by government officials and examines the economies of 190 countries based on how easy it is to do business there.<\/p>\n

In a statement, the\u00a0World Bank\u00a0said it would review data published in the last five years after finding irregularities in the 2018 and 2020 reports that were inconsistent with the doing business methodology.\u00a0\u201cWe are 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,\u201d said the global lender.<\/p>\n

\u201cWe have asked the\u00a0World Bank Group\u2019s independent internal audit function to perform an audit of the processes for data collection and review for Doing Business and the controls to safeguard data integrity.\u201d<\/p>\n

The bank said the indicators and methodology had been designed with no particular country in mind but rather help improve the overall business climate. It said it had notified authorities of countries most affected by the data irregularities and, based on the findings, would correct the data. \u201cWe will act based on the findings and will retrospectively correct the data of countries that were most affected by the irregularities,\u201d it said<\/p>\n

For the reports with irregularities, Kenya moved 12 places up in the 2018 report to position 80 globally compared to 92 in the 2017 survey.<\/p>\n

In the 2020 report, Kenya rose five places to stand at position 56.\u00a0Kenya has moved 80 places up in the reports since 2014 with their release being welcomed with fanfare by senior government officials.<\/p>\n

Last year, Deputy President William Ruto was present during the release of the 2020 Ease of Doing Business Index.\u00a0President Uhuru Kenyatta never fails to mention Kenya\u2019s ranking in his speeches as he lures investors into the country. The report is also a popular talking point by officials from the Ministry of Trade.\u00a0\u00a0Over the years, however, the rankings have been heavily scrutinised.<\/p>\n

In 2018, Paul Romer quit as the World Bank\u2019s chief economist after questioning changes to Chile\u2019s rank in the Doing Business report.\u00a0\u00a0\u00a0He said then that its methodology was politicised and manifested in Chile\u2019s rankings, which mirrored its politics.<\/p>\n","protected":false},"excerpt":{"rendered":"

Author:\u00a0Wainaina Wambu\u00a0 AfricaPress-Kenya: The World Bank has suspended the publication of a key annual report that countries use to gauge their ease in attracting investors, pending a probe on data irregularities. The Doing Business report, started 17 years ago, is one of the most quoted by government officials and examines the economies of 190 countries […]<\/p>\n","protected":false},"author":84,"featured_media":13552,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,8],"tags":[5441,5440,1031],"class_list":["post-13555","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-homepage-english","tag-doing-business-report","tag-ease-of-doing-business-index","tag-world-bank"],"yoast_head":"\nWorld Bank suspends key business report - kenya<\/title>\n<meta name=\"description\" content=\"The World Bank has suspended the publication of a key annual report that countries use to gauge their ease in attracting investors\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/kenya\/economy\/world-bank-suspends-key-business-report\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"World Bank suspends key business report\" \/>\n<meta property=\"og:description\" content=\"The World Bank has suspended the publication of a key annual report that countries use to gauge their ease in attracting investors\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/kenya\/economy\/world-bank-suspends-key-business-report\" \/>\n<meta property=\"og:site_name\" content=\"kenya\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2020-08-29T19:34:05+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/kenya\/sites\/28\/2020\/08\/world_bank_suspends_5f495adde742c.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"667\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/kenya\/economy\/world-bank-suspends-key-business-report#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/kenya\/economy\/world-bank-suspends-key-business-report\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/kenya\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"World Bank suspends key business report\",\"datePublished\":\"2020-08-29T19:34:05+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/kenya\/economy\/world-bank-suspends-key-business-report\"},\"wordCount\":393,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/kenya\/economy\/world-bank-suspends-key-business-report#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/kenya\/sites\/28\/2020\/08\/world_bank_suspends_5f495adde742c.jpg\",\"keywords\":[\"Doing Business report\",\"Ease of Doing Business Index\",\"World Bank\"],\"articleSection\":[\"all news\",\"economy\",\"homepage-english\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/kenya\/economy\/world-bank-suspends-key-business-report#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/kenya\/economy\/world-bank-suspends-key-business-report\",\"url\":\"https:\/\/www.africa-press.net\/kenya\/economy\/world-bank-suspends-key-business-report\",\"name\":\"World Bank suspends key business report - 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