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Business Ready (B-Ready) Project which is recently seen in news is an initiative of
- a)World Trade Organisation (WTO)
- b)World Bank
- c)United Nations Conference on Trade and Development (UNCTAD)
- d)The Organization for Economic Cooperation and Development (OECD)
Correct answer is option 'B'. Can you explain this answer?
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Business Ready (B-Ready) Project which is recently seen in news is an ...
- Recent Context: The World Bank Group is implementing a new corporate flagship, B-READY, to measure the business and investment climates in 180 economies worldwide annually.
- Business Ready (B-Ready) Project
- Objective: It assess the business and investment climate in up to 180 economies in a transparent and fair way
- Criteria: Business Entry, Business Location, Utility Services, Labor, Financial Services, International Trade, Taxation, Dispute Resolution, Market Competition, and Business Insolvency
- Approach: Reflects a more balanced and transparent approach towards evaluating a country’s business and investment climate than earlier approach.
- Initially it Covers 54 economies in Asia, Latin America, Europe, the Middle East and Sub-Saharan Africa, in the first year and expected to scale up to 180 economies by 2025-26.
- Hence option (b) is the correct answer.
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Business Ready (B-Ready) Project which is recently seen in news is an initiative ofa)World Trade Organisation (WTO)b)World Bankc)United Nations Conference on Trade and Development (UNCTAD)d)The Organization for Economic Cooperation and Development (OECD)Correct answer is option 'B'. Can you explain this answer?
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