Sri Lanka, July 31 -- In 2024, the global approach to measuring business climate saw a major transformation. The World Bank Group introduced the Business Ready (B-READY) Index, its new flagship report aimed at assessing the business and investment environment across countries. This index replaces the discontinued Ease of Doing Business (EoDB) report and brings with it a more robust, implementation-focused, and reform-oriented methodology. While the inaugural edition of the B-READY Index covered 50 countries, Sri Lanka was not included. However, the World Bank has indicated its intention to expand the coverage globally by 2026. This gives Sri Lanka a valuable window of opportunity to get ready and initiate key reforms.
What is the B-READY I...