EASE OF DOING BUSINESS (EDB) INDEX
What is in news : World Bank Group scrapped its flagship publication, the ‘Doing Business’ report.
Why : The Group acted on its commissioned study to examine the ethical issues flagged in preparing the 2018 and 2020 editions of the EDB index.
About Doing Business project:
- It provides objective measures of business regulations and their enforcement across 190 economies and selected cities at the subnational and regional level.
- Launched in 2003, looks at domestic small and medium-size companies and measures the regulations applying to them through their life cycle.
- It ranks countries on the basis of Distance to Frontier (DTF) score that highlights the gap of an economy with respect to the global best practice.