October 20, 2021
Markets

World Bank China rigging scandal rattles investors

A participant stands near a logo of World Bank at the International Monetary
Fund-World Bank Annual Meeting 2018 in Nusa Dua, Bali, Indonesia. Reuters/file

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A participant stands near a logo of World Bank at the International Monetary
Fund-World Bank Annual Meeting 2018 in Nusa Dua, Bali, Indonesia. Reuters/file

Some investors and campaigners expressed dismay on Friday at revelations that World Bank leaders pressured staff to boost China’s score in an influential report that ranks countries on how easy it is to do business there.

They also said the World Bank’s subsequent discontinuation of the “Doing Business” series of annual reports could make it harder for investors to assess where to put their money.

“The more I think about this,…

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