Business Ready Report (Bready)
Three years after discontinuing the Doing Business report, the World Bank Group is introducing a new corporate flagship publication called the Business Ready (B-READY) report.
Indiaâs new farm laws mirror international financial institutionsâ vision of agriculture
For more than 100 days, thousands of farmers in India have been in the streets protesting three new farm laws introduced in parliament. The new laws open the agriculture sector to reforms advocated by...
Time to give Covid burial, not suspend, World Bank’s ‘flawed’ Doing Business ranking
On August 27, the World Bank came out with a statement suspending the Doing Business Report. The statement said that a number of irregularities have been reported regarding changes to the data in the Doing Business...
Give Doing Business report a COVID burial
On August 27th, the World Bank came out with a statement suspending the Doing Business Report. The statement said that a number of irregularities have been reported regarding changes to the data in the...
The Corona Pandemic, Debt and Default
The world was witnessing a massive buildup of debt, even before the pandemic began. World Bank described it as the largest, fastest and most broad based amounting to 230 percentage of the Global GDP. ...
Updates from IMF: Forecast for Post-COVID Economy and Debt Levels
The International Monetary Fund (IMF) released two updates in the month of June – first was the World Economic Outlook, titled A Crisis Like No Other, An Uncertain Recovery and another was the Financial...
A Financial Package with Little Relief Contents, Govt pushes Policy Reforms which Benefits Corporates but not the People
The financial package, amounting to Rs 20 lakh Crore and claimed to be 10% of the GDP was announced by the Prime Minister with much fanfare. Yet when details were announced by the Finance...
Elite Capture of resources, the continuing saga of exploitation: A case of World Bank
World Bank Aid or that matter any aid and its impact on countries has been a controversial discussion in development finance circles. While it is true that aid provides an important source of income...
When Chief Economists leave the Bank, Credibility Walks Out too
Chief Economist, Pinelopi Koujianou Goldberg known as Penny Goldberg announced her resignation from the World Bank from 1st March 2020. She will be going back to her teaching job at Yale University. This marks...
The Invisible hand of International Financial Institutions (IFIs)
(How Public Banks are going to be privatised and land, labor reforms are being gradually pushed in the country) In a capitalist system, it is said that the market correct itself through the invisible...
Ease of Doing Business â what does it conceal?
India is now a poster boy for the World Bankâs much-criticised Doing Business Report (DBR), and its associated country rankings index (EODB) (see Observer Winter 2018). The country has drastically improved its place in the EODB index, rising...
People over business â Why Ease of Doing Business hurt people and environmentÂ
In the last week, we saw two indices, which were released globally. One on hunger and another on Ease of Doing Business. India slipped from 95th position to 102nd position out of 117 countries...
The Accountability of Climate Crisis also Lies with the Financial System
‘We are in the beginning of a mass extinction, and all you can talk about is money and fairy tales of eternal economic growth – how dare you!’ These are the words of young...
Snippets from the World of International Financial Institutions â August, 2019
IMF Chief Election Over 100 organisations across the world recently signed an open letter demanding an end to the âGentleman Agreement,â as per which only Europeans are selected as the Managing Director of the International...
Kerala Enters into Partnership with the World Bank
Kerala became the first state to enter into a state partnership with World Bank based on their new Country Partnership Framework   2018-22. The partnership is for a development policy loan of USD 500 million...
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