What is it about?
The IFC (World Bank Group) 's approach to legal reform relied substantially on the Doing Business indicator, exerting pressure on Laos to adopt its recommendation by clearly stating the impact on the score and ranking: If the IFC's recommendation were not adopted, Laos' score and rank would drop. This paper examines the substantial and procedural issues of the approach.
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Why is it important?
Although the Doing Business project was suspended in 2021, this case study can be a leading case where the producer of the indicators used them to guide a legal reform. Also, it can serve as an essential lesson for the future development of indicators.
Perspectives
This article is from the perspective of law and development study based on my experience as a legal advisor in Laos for more than four years with the Civil Code Drafting Committee. I appreciate the generous support from Japanese civil law scholars for civil code drafting in Laos and much guidance from USALI, NYU Law professors and colleagues for the article.
Katsunori Irie
Read the Original
This page is a summary of: The Reform for Secured Transactions Regime with the Doing Business Indicator: A Case of Laos, The Law and Development Review, December 2022, De Gruyter,
DOI: 10.1515/ldr-2022-0105.
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