The World Bank’s “Ease of Doing Business” report tracked and encouraged improvements in the business climate around the world. Then it got canceled.
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The following commentary is co-authored by Curtis S. Chin, former U.S. ambassador to the Asian Development Bank and inaugural Asia Fellow of the Milken Institute, and Abhinav Seetharaman, a graduate student at Harvard Kennedy School and former Princeton-Asia-Fellow at the Milken Institute in Singapore.
The conclusion of the World Bank Group and International Monetary Fund (IMF) spring meetings in April left behind an elephant in the room.
Since the cancellation of the World Bank’s “Ease of Doing Business” Index and report late last year, the World Bank has so far failed to adequately replace what had been a landmark and — while far from perfect — very useful tool to drive change.
The annual report had assessed and ranked countries’ relative ease of…
