CURRENT AFFAIRS

Detailed explanation-1: -Which institution released the ‘Business Ready (B-READY) project? Notes: The World Bank recently announced the Business Ready(B-READY) project as a replacement for the Doing Business rankings, which was cancelled two years ago.

Detailed explanation-2: -The World Bank Group has four Boards of Executive Directors representing the four institutions of the World Bank Group: International Bank for Reconstruction and Development (IBRD), International Development Agency (IDA), International Finance Corporation (IFC) and Multilateral Investment Guarantee Agency (MIGA).

Detailed explanation-3: -THE WORLD BANK MANDATE The World Bank promotes long-term economic development and poverty reduction by providing technical and financial support to help countries implement reforms or projects, such as building schools, providing water and electricity, fighting disease, and protecting the environment.