B-READY focuses on ten topics that are organized following the life cycle of the firm and its participation in the market while opening, operating (or expanding), and closing (or reorganizing) a business. The Business Insolvency topic measures key features of insolvency systems on a regulatory level. It also assesses the institutional and operational infrastructure associated with insolvency proceedings (judicial services), as well as the operational efficiency of insolvency proceedings across three different dimensions, or pillars. The overall topic score is generated by averaging the scores assigned to each of the three pillars (regulatory framework, public services, and efficiency) for that topic. Every country, region and year the World Bank publishes for indicator IC.BRE.BI.OS (World Development Indicators), delivered as a tidy table — country, ISO code, year and value — ready for analysis in Excel, R, Python or the Intigal AI workspace. Original compiler: Business Ready (B-READY) project, World Bank (WB), uri: https://www.worldbank.org/en/businessready.
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Original source: api.worldbank.org · CC BY 4.0 — free to reuse with attribution to the World Bank