Business Ready (B-READY) Rankings:
The World Bank released the Business Ready (B-READY) rankings.
- The World Bank Group is implementing a new corporate flagship, Business Ready (B-READY).
- Objective is to assess the business and investment environment worldwide annually.
- B-READY improves upon and replaces Doing Business.
- The new approach is informed by advice from experts in the WBG and recommendations from qualified academics and practitioners outside the institution, including the External Panel Review on DB methodology.
- The new benchmarking exercise is being developed in the Development Economics (DEC) Global Indicators Group (DECIG).
- This Group will design, pilot, and implement the new benchmarking exercise.
- It will be under the guidance of the WBG Chief Economist and DEC Senior Vice President.
- The data collection and reporting process will be governed by the highest possible standards, including sound data gathering