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Manipulating data in favor of totalitarian country: How the World Bank found itself at the center of a scandal?

Author : Ihor Lutsenko

Source : 112 Ukraine

It turns out that an extremely important organization like the World Bank manipulated such an extremely important and almost sacred rating like Doing Business. And it manipulated it so much that now the Bank will have to refuse to publish the rating
22:08, 22 September 2021

EPA

It turns out that an extremely important organization like the World Bank manipulated such an extremely important and almost sacred rating like Doing Business. And it manipulated it so much that now the Bank will have to refuse to publish the rating.

For decades, this rating has been a benchmark of where it is best to do business, a kind of measure of the convenience of businessmen and the protection of property rights. Real economists had a skeptical attitude towards him because of the obvious distortions.

Like all powerful metrics, Doing Business was immediately manipulated. Many, when planning certain reforms, specially adjusted them in such a way as to change the parameters of the country in this rating, and often without paying attention to the objective indicator of the ease of doing business itself.

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Moreover, it turned out that the World Bank itself does not hesitate to interfere with the calculation of this indicator. And it did this in the interests of the global enemy of the West, a totalitarian state where human rights do not exist and which is preparing for an armed and hybrid expansion against the satellites of the West.

The current head of the IMF, Kristalina Georgieva, who previously worked at the World Bank, is accused of direct interference in China's favor.

Earlier, in 2018, there was another scandal. Paul Romer, chief economist at the World Bank, announced that past releases of the index for at least four years would be revised.

Romer apologized to Chile, saying that the former director of the group responsible for the index had repeatedly manipulated its methodology, unfairly downgrading the country's rankings.

But I will nevertheless say that the IMF and the World Bank are not our state bodies. They would never admit their guilt and would not stop issuing a falsified rating.

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