Raising concerns over the use of World Bank’s Worldwide Governance Indicators in ratings assessment by credit ratings agencies, especially for emerging economies, Chief Economic Adviser V Anantha Nageswaran on Wednesday said there is a need for the World Governance Index to be more transparent and less subjective.
“The World Bank….has something called the World Governance Index, which unfortunately or fortunately plays a very significant part in opaque and non-transparent ways in the credit rating assessment deployed by the three credit rating agencies in assigning letter-grades to credit rating of member countries, particularly emerging markets
Read More : CEA Highlights Demand for Transparent World Bank Governance Indicators
