Which organization publishes the Ease of Doing Business (EODB) report?
Show answer & explanation
Correct answer: B
Explanation
Correct Answer
World Bank
Explanation
The Ease of Doing Business (EODB) index and report were historically created and published annually by the World Bank. This index ranked economies based on how their regulatory environments facilitated or hindered the starting and operating of local businesses. It evaluated parameters such as the ease of getting electricity, registering property, paying taxes, and enforcing contracts. In September 2021, the World Bank officially discontinued the 'Doing Business' report series following an independent audit into data irregularities. It has since transitioned toward a new benchmark framework called the Business Ready (B-READY) project.
Key Points
The EODB report evaluated 100 economies across 10 distinct quantitative indicator sets to measure the absolute regulatory distance to the global frontier.
The World Bank Group is an international financial institution headquartered in Washington, D.C., that provides loans and grants to low-and middle-income countries for capital projects.
The newly introduced B-READY framework focuses not just on ease of business operations, but also balances the assessment with worker protections, environmental sustainability, and market competition rules.
Important Questions and Answers
Question: Which new project has been launched by the World Bank to replace the discontinued Ease of Doing Business report?
Answer: The Business Ready (B-READY) project has replaced the EODB report.
Question: Where is the headquarters of the World Bank Group located?
Answer: The headquarters of the World Bank Group is located in Washington, D.C., United States.