World Bank Seeks Ways to Help Business Climates as Report Ends

The head of the World Bank said the lender will find new ways to be involved in encouraging growth for the private sector of developing nations after the cancellation of its flagship “Doing Business” report.

“We’ve discontinued the report, but the World Bank is going to be very, very involved in the business climate of developing countries,” bank President David Malpass said in an interview with Bloomberg Television on Wednesday. “That’s critical for them in establishing jobs and getting growth, attracting new investment. That’s the purpose of the report.”

WATCH: World Bank President David Malpass speaks with Bloomberg Television.

(Source: Bloomberg)

Last week, the World Bank said it decided to abandon ...