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World Bank chief says report on pressure to alter data ‘speaks for itself’ By Reuters


© Reuters. FILE PHOTO – World Bank President David Malpass answers a question by a reporter at an opening press conference of the IMF/World Bank’s 2019 Annual Autumn Meetings of bank governors and finance ministers in Washington on October 17, 2019.

WASHINGTON, (Reuters) – World Bank President David Malpass stated Monday that a legal firm had conducted an investigation into pressures from top World Bank officials to increase certain countries’ rankings in its annual Doing Business Report in 2017.

CNBC’s Malpass said, in a statement, that he had ended the ranking of country’s business climates. “We want to make it clear that we are trying to find the best possible way for countries to work towards improving their business climates. So we will be exploring new ways to achieve that.”

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