§262p–9 Reform of the “Doing Business” Report of the World Bank

Summary

Require the Secretary of the Treasury to tell the U.S. Executive Directors at the World Bank, the International Development Association, and the International Finance Corporation to use the U.S. voice and vote to push three changes to the World Bank’s annual Doing Business Report. First, stop using the “Employing Workers” indicator for ranking or scoring countries until new, fair measures are made that reflect workers’ rights and core labor standards and that are built with input from member governments, the World Bank, the IFC, the International Labour Organization, businesses, and labor unions. Second, remove the “Labor Tax and Social Contributions” subindicator. Third, stop using the “Employing Workers” indicator as a guide for calculating each country’s Country Policy and Institutional Assessment score. Within 60 days after June 24, 2009, the Secretary must give that instruction to the U.S. Executive Directors and must post the instruction on the Department of the Treasury’s website.