World Bank: Azerbaijan is one of the ten most reformist countries in the world
  • ECONOMY

  • 11:00 17 December 2020

World Bank: Azerbaijan is one of the ten most reformist countries in the world

Results of independent research, conducted by the Internal Audit of the World Bank regarding recorded information irrelevancy in Doing Business Report, considered one of the important publications of the World Bank Group, have been announced, Analysis of Center for Economic Reforms and Communication told APA-Economics.

Azerbaijan's position has been improved by 6 ranks in the Doing Business 2020 Report as a result of the conducted independent research, our country has been one of the "the most reformist 10 countries" of the world once again.

Recall that a press release published by the WB on August 27, 2020, states that discrepancies were identified in the process of processing information in the Doing Business report of a number of member countries. It was noted that an independent investigation would be carried out to determine the nature of these discrepancies.

In a press release from the World Bank dated December 16, 2020, it is noted that the internal audit structures of the World Bank carried out extended diagnostics of data for 2016, 2017, 2018, 2019, and 2020, once again revised the compliance of country ratings using the report methodology, as a result, the data on country indicators.

As a result of relevant research, it became known that the reforms carried out in Azerbaijan in 3 directions (according to the indicators "connection to power supply networks", "execution of contracts", "trade at the border") were not properly assessed in the Doing Business 2020 report, with a low score on a point scale. Note that the corresponding diagnostic assessment covered 4 countries - Azerbaijan, Saudi Arabia, the United Arab Emirates and China.

Note that after the corresponding adjustments in the Doing Business 2020 report, Azerbaijan's score was increased from 76.7 to 78.5. Thus, the country's position in the world ranking of ranking has grown from 34 to 28 among 191 countries. As a result of advancing this position, Azerbaijan was again assessed by the World Bank as one of the ten most reforming countries in the world.

Huseyn Veliyev

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