Business Ready Project

Business Ready Project
 

News: The World Bank Group has recently launched a new project called Business Ready, which aims to assess
the business and investment climate in economies worldwide.
 

Background:

It replaces the Doing Business project, which had been the World Bank Group’s flagship program for
assessing the ease of doing business for over two decades.
 

About Business Ready Project:

o The objective of the Business Ready project is to make each country’s economic environment ready for a
dynamic private sector.
o It will be done by assessing and ranking the ease of doing business in each economy, identifying areas of
improvement, and providing recommendations to policymakers and stakeholders.

Trivia - Indian-origin Ajay Banga has been selected as the new World Bank President. He will serve in this
position for five years starting from June 2, succeeding David Malpass. The World Bank aims to tackle climate
change more effectively under Banga’s leadership.