Analysis: World Bank, IMF Face Long-Term Damage after Data Rigging Scandal

Harry Broadman discusses the World Bank’s “Doing Business” investment climate rankings, risks of manipulation, and the potential influence of shareholders.

“It would be naive to think that big, large shareholders who sit on the board, including the U.S., the UK, the Germans and so forth, don’t carry a lot of influence,” Broadman said. “What is more of a surprise is that management of the institution would consider changing certain things, based on someone voicing opposition to the way they came out.”

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