The Other World Bank Scandal: A New Study Documents How Corporate Collusion Hurts the Bank’s Credibility—and Harms Sustainable Development | WHAT REALLY HAPPENED

The Other World Bank Scandal: A New Study Documents How Corporate Collusion Hurts the Bank’s Credibility—and Harms Sustainable Development

While the World Bank scrambles to contain the Doing Business rankings firestorm, a new paper by Rabia Malik and Randall Stone traces a more insidious source of partiality in how the Bank does development work.

World Bank chief economist Paul Romer prompted widespread dismay when he admitted last week that the Bank’s Doing Business rankings may have been manipulated to make Chile’s economic environment look worse under the sitting socialist president Michelle Bachelet. The scandal now threatens not just Romer’s position at the Bank but also that Bretton Woods institution’s overall sheen as one of the better-behaved organs of international governance.

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