Is the World Bank ginning up, or down, numbers to get the desired results they want in their Doing Business rankings? Chile is accusing the World Bank of doing just that.
The news that the World Bank made repeated methodology modifications over the past four years to its Doing Business rankings – changes that penalized Chile more than any other nation – is worrisome because it places into question the credibility of the information provided by the Bretton Woods institution.
At BNamericas, we rely on these competitiveness rankings to bolster our news; they provide a framework of understanding to our reporting on the real economy within Latin America, and influence our macro analysis of countries.
Chile is currently 55 out of 190 countries on the list, down from 34 in 2014, when President Michelle Bachelet began her second term.