Kristalina Georgieva should do her bit for multilateralism by falling on her sword
China’s progress illustrates the power of the bank’s Doing Business rankings. Leaders have used them to motivate and monitor regulatory reforms, and like to boast about their country’s progress. Thecited the rankings last year in arguing for lending to Jordan. The data help guide investors. And they have informed 676 of the World Bank’s own projects in the past decade, according to an as-yet-unpublished internal evaluation.
In her defence, it was her boss who initiated the extra tyre-kicking. She had the higher motive of strengthening multilateralism. Scope for discretion had crept into the Doing Business indicators as they grew more elaborate over time. And a senior researcher assured her he could “live” with the revised report, although it is likely that neither he nor she knew exactly what tweaks had been made.
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