www.theguardian.com
Open in
urlscan Pro
2a04:4e42:200::367
Public Scan
URL:
https://www.theguardian.com/business/2023/jun/07/new-world-bank-business-ratings
Submission: On January 06 via api from US — Scanned from AU
Submission: On January 06 via api from US — Scanned from AU
Form analysis
2 forms found in the DOMhttps://www.google.co.uk/search
<form action="https://www.google.co.uk/search" class="dcr-1jjnk9d"><label for="gu-search" class="dcr-0">
<div class="dcr-6v110l">Search input </div>
</label><input type="text" id="gu-search" aria-required="true" aria-invalid="false" aria-describedby="" required="" name="q" placeholder="Search the Guardian" data-link-name="header : search" tabindex="-1"
class="selectableMenuItem dcr-qcy5wo"><label for="gu-search" class="dcr-0">
<div class="dcr-6v110l">google-search </div>
<div class="dcr-radnun"><svg width="30" viewBox="-3 -3 30 30" xmlns="http://www.w3.org/2000/svg" aria-hidden="true">
<path fill-rule="evenodd" clip-rule="evenodd"
d="M9.273 2c4.023 0 7.25 3.295 7.25 7.273a7.226 7.226 0 0 1-7.25 7.25C5.25 16.523 2 13.296 2 9.273 2 5.295 5.25 2 9.273 2m0 1.84A5.403 5.403 0 0 0 3.84 9.274c0 3 2.409 5.454 5.432 5.454 3 0 5.454-2.454 5.454-5.454 0-3.023-2.454-5.432-5.454-5.432m7.295 10.887L22 20.16 20.16 22l-5.433-5.432v-.932l.91-.909z">
</path>
</svg><span class="dcr-1p0hins">Search</span></div>
</label><button type="submit" aria-live="polite" aria-label="Search with Google" data-link-name="header : search : submit" tabindex="-1" class="dcr-1gsboxi">
<div class="src-button-space"></div><svg width="30" viewBox="-3 -3 30 30" xmlns="http://www.w3.org/2000/svg" aria-hidden="true">
<path fill-rule="evenodd" clip-rule="evenodd" d="M1 12.956h18.274l-7.167 8.575.932.932L23 12.478v-.956l-9.96-9.985-.932.932 7.166 8.575H1z"></path>
</svg>
</button><input type="hidden" name="as_sitesearch" value="www.theguardian.com"></form>
https://www.google.co.uk/search
<form action="https://www.google.co.uk/search" class="dcr-1jjnk9d"><label for="gu-search" class="dcr-0">
<div class="dcr-6v110l">Search input </div>
</label><input type="text" id="gu-search" aria-required="true" aria-invalid="false" aria-describedby="" required="" name="q" placeholder="Search the Guardian" data-link-name="header : search" tabindex="-1"
class="selectableMenuItem dcr-qcy5wo"><label for="gu-search" class="dcr-0">
<div class="dcr-6v110l">google-search </div>
<div class="dcr-radnun"><svg width="30" viewBox="-3 -3 30 30" xmlns="http://www.w3.org/2000/svg" aria-hidden="true">
<path fill-rule="evenodd" clip-rule="evenodd"
d="M9.273 2c4.023 0 7.25 3.295 7.25 7.273a7.226 7.226 0 0 1-7.25 7.25C5.25 16.523 2 13.296 2 9.273 2 5.295 5.25 2 9.273 2m0 1.84A5.403 5.403 0 0 0 3.84 9.274c0 3 2.409 5.454 5.432 5.454 3 0 5.454-2.454 5.454-5.454 0-3.023-2.454-5.432-5.454-5.432m7.295 10.887L22 20.16 20.16 22l-5.433-5.432v-.932l.91-.909z">
</path>
</svg><span class="dcr-1p0hins">Search</span></div>
</label><button type="submit" aria-live="polite" aria-label="Search with Google" data-link-name="header : search : submit" tabindex="-1" class="dcr-1gsboxi">
<div class="src-button-space"></div><svg width="30" viewBox="-3 -3 30 30" xmlns="http://www.w3.org/2000/svg" aria-hidden="true">
<path fill-rule="evenodd" clip-rule="evenodd" d="M1 12.956h18.274l-7.167 8.575.932.932L23 12.478v-.956l-9.96-9.985-.932.932 7.166 8.575H1z"></path>
</svg>
</button><input type="hidden" name="as_sitesearch" value="www.theguardian.com"></form>
Text Content
Skip to main contentSkip to navigation Close dialogue1/1Next imagePrevious imageToggle caption Skip to navigation SUPPORT THE GUARDIAN Fund independent journalism with $20 per month Support us Support us Print subscriptions Newsletters Sign in Aus * Australia edition * UK edition * US edition * Europe edition * International edition The Guardian - Back to homeThe Guardian * News * Opinion * Sport * Culture * Lifestyle Show moreHide expanded menu * News * View all News * Australia news * World news * Politics * Environment * Climate crisis * Indigenous Australia * Immigration * Media * Business * Health * Science * Tech * Podcasts * Newsletters * Opinion * View all Opinion * Columnists * Cartoons * Indigenous * Editorials * Letters * Sport * View all Sport * Football * AFL * NRL * A-League * Cricket * Rugby union * Tennis * Cycling * F1 * Culture * View all Culture * Film * Music * Books * TV & radio * Art & design * Stage * Games * Classical * Lifestyle * View all Lifestyle * Travel * Food * Relationships * Fashion * Health & fitness * Love & sex * Family * Home & garden Search input google-search Search * Support us * Print subscriptions * * Events * Digital Archive * Australia Weekend * Guardian Licensing * About Us * The Guardian app * Video * Podcasts * Pictures * Newsletters * Inside the Guardian * Guardian Weekly * Crosswords * Wordiply * Corrections * Search input google-search Search * Events * Digital Archive * Australia Weekend * Guardian Licensing * About Us * Business * Markets * Money * Project Syndicate * Retail The Washington-based World Bank hopes the new ratings will ofer ‘a common language for deciding where they’re going and how they get there’. Photograph: Bloomberg/Getty Images View image in fullscreen The Washington-based World Bank hopes the new ratings will ofer ‘a common language for deciding where they’re going and how they get there’. Photograph: Bloomberg/Getty Images World Bank This article is more than 1 year old NEW WORLD BANK BUSINESS RATINGS WILL EXAMINE COUNTRIES’ WORKER RIGHTS This article is more than 1 year old Business Ready pilot edition to debut in 2024, replacing Doing Business ratings that were found to be influenced by political pressure Ramon Antonio Vargas Thu 8 Jun 2023 01.24 AESTFirst published on Wed 7 Jun 2023 18.00 AEST Share New methods and safeguards for assessing the business and investment climate in as many as 180 countries could give governments and citizens around the world “a common language for deciding where they’re going and how they get there”, according to spokespeople for the recently unveiled project. World Bank staff were told to give special treatment to son of Trump official Read more The World Bank announced last month that it was preparing to implement new Business Ready rankings after eliminating the predecessor Doing Business ratings in September 2021, citing internal reviews as well as an outside investigation which found senior leaders at the organization had exerted pressure on subordinates to manipulate data to favor China. Other nations whose rankings were similarly boosted included Saudi Arabia, Azerbaijan and the United Arab Emirates. And the Guardian reported in April that World Bank staff were instructed to afford preferential treatment to the son of a high-ranking Donald Trump White House official after the US treasury backed a $13bn (£10bn) hike in funding for the United Nations-affiliated organization. Set to debut in the spring of 2024, Business Ready’s pilot edition aims to cover an initial group of 54 economies in Asia, Latin America, Europe, the Middle East and sub-Saharan Africa, according to the bank. The bank plans to add more countries as it refines its methodologies, which for the first time call for examining a country’s records pertaining to workers’ rights, as defined by the International Labor Organization. Assessments of women’s and gender rights as well as examinations of culture in general are also being implemented as the World Bank eventually hopes to be able to rank economies on the local and regional level, said Kasey Henderson, whose Washington DC-based Global Situation Room firm is working with the bank on Business Ready’s messaging. “This really is the World Bank’s flagship economic benchmarking exercise and one that I think they really want to be kind of a marker … along a path towards prosperity at a society level, encompassing more than just the business environment,” Henderson added recently. “That piece helps give really unique insights and information for countries as they continue working to grow their economies … and attract and retain business.” World Bank experts, governments, private sector members and civil society groups helped shape Business Ready’s new criteria, whose overarching goal is to create a dataset whose integrity is beyond reproach while also bringing complex economic issues around the world to a broader audience. Officials at the organization had not yet decided whether it would rank countries’ business climates or simply put out an overall index, though they expected to resolve that before the first of the new reports. Whatever the case, the World Bank anticipated that other areas assessed by Business Ready would include worker safety, environmental sustainability and market competition, rather than just viewing everything from what Norman Loayza – the director of the bank’s Indicators Group – called “the perspective of the private entrepreneur”. Center for Global Development fellow Justin Sandefur cautioned Wednesday on Twitter that the World Bank has previously made similar promises “about rigorous measurement and transparency, not rankings and chasing news headlines”. But, Sandefur added, “it ended in scandal last time”. For his part, the Global Situation Room’s Brett Bruen added that Business Ready could ultimately produce “a common language for [countries’] deciding where they’re going and how they get there”. “The notion is that every country in the world is at various stages of readiness, and these reports – which are exhaustively researched and put together – would show how that readiness lines up to opportunities and their own goals.” Reuters contributed reporting Explore more on these topics * World Bank * US politics * news Share Reuse this content MOST VIEWED * GOLDEN GLOBES 2025: ADRIEN BRODY, DEMI MOORE AND COLIN FARRELL WIN – AS IT HAPPENED * SORRY TONY, BUT THE ONLY PERSON YOU HAVE TO BLAME FOR BEING BOOTED OUT OF OFFICE IS YOURSELFMALCOLM FARR * GOLDEN GLOBES 2025: THE FULL LIST OF WINNERS * GINA RINEHART AND PAULINE HANSON SEEN DINING TOGETHER IN THAILAND – AS IT HAPPENED * HAVING CONQUERED THE CRICKET WORLD PAT CUMMINS MUST NOW BRIDGE THE GENERATIONS MOST VIEWED MOST VIEWED * Business * Markets * Money * Project Syndicate * Retail * News * Opinion * Sport * Culture * Lifestyle Original reporting and incisive analysis, direct from the Guardian every morning Sign up for our email * About us * Information * Complaints & corrections * Help * SecureDrop * Work for us * * Privacy policy * Terms & conditions * Contact us * All topics * All writers * Events * Digital newspaper archive * Tax strategy * Facebook * YouTube * Instagram * LinkedIn * Newsletters * Guardian Labs * Advertise with us * Cookie policy Guardian Australia acknowledges the traditional owners and custodians of Country throughout Australia and their connections to land, waters and community. We pay respect by giving voice to social justice, acknowledging our shared history and valuing the cultures of First Nations. Back to top © 2025 Guardian News & Media Limited or its affiliated companies. All rights reserved. (dcr)