IMF CEO denies allegations

JayI fundamentally disagree with the findings and interpretations of the investigation of data irregularities in relation to my role in the 2018 World Bank Doing Business Report., she reacted in a statement to the press on Thursday.

“I have already held a meeting with the IMF Board of Directors on this subject”, added Ms Georgieva, who has held the position of Managing Director of the IMF since October 2019.

The findings of this investigation, conducted by the law firm WilmerHale at the request of the Bank’s Ethics Committee, raised questions about Ms Georgieva’s decision during her tenure at the World Bank, citing “Pressure” That the bank would have had to favor China, its third shareholder after the United States and Japan.

The investigation focused particularly on allegations that senior World Bank officials pressured the team leading the Doing Business survey to improve the country’s ranking in its 2018 report. The Doing Business Report assesses the business environment around the world and countries use its findings, in particular, to attract foreign investment.

Responding to the survey’s findings, the World Bank on Thursday announced that it was ending its annual Doing Business survey. “Trust in World Bank Group research is critical. World Bank Group research informs the actions of policymakers, helps countries make more informed decisions, and enables stakeholders to measure economic and social reforms more accurately. Is “, indicates the financial institution in a press release.

(with MAP)

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