Kristalina Georgieva: “I didn’t put pressure on anyone” at the World Bank

IMF Managing Director Kristalina Georgieva, who was accused of pressuring the World Bank to change a report in favor of China, has once again strongly denied the allegations.

An investigation by WilmerHale, appointed by the World Bank’s ethics committee, found irregularities in the drafting of the 2018 and 2020 editions of the World Bank’s “Doing Business” report, which examines framework countries to determine which countries to start. are best suited for. a trade.

“Let me be clear: The findings are wrong. I have not pressured anyone to change the report,” Georgieva said in a statement released Friday by communications firm SKDK.

“The managing director hired an outside firm to deal with issues related to the events prior to his arrival at the IMF,” an IMF spokesperson said.

While the WilmerHale report mentions a meeting during which Georgieva reportedly asked her teams to change the methodology of the report so that the rankings were more favorable to China, the IMF boss replied: “The integrity of these reports It was my professional responsibility to review the time”.

Georgieva defends herself

“Contrary to what has been reported, I followed all protocols to edit the 2018 report,” she adds. Mrs
Georgieva points out that the methodology used in the “Doing Business” report “has been of concern for many years”.

“Like other World Bank members before and after, I originally saw my role as overseeing the preservation of the integrity of the report methodology, not its technical implementation,” she explains. .

“Data integrity is at the heart of the institutions I have led during my career in public service, and I will never engage in any modification of data for political purposes,” said Ms. Georgieva from her 40 years of experience. highlighted before. as an economist.

See also  Ten children died in hospital fire in Asia-India

Shantha Devarajan Southern Georgieva

IMF boss gets support from former World Bank economist this week Shanta Devarajan which criticizes investigators.

“I spent hours telling my side of the story to World Bank lawyers, who only covered half of what they told me,” he said on Twitter.

The role of management, including Georgieva, was to “verify China’s numbers, ensuring that China is recognized for the improvements it has made, without compromising the integrity of ‘Doing Business’. The sentence has been omitted.”

Last week, former World Bank chief economist and Nobel laureate in economics, Paul Romer, in an interview with AFP, denounced the “lack of integrity” of the organisation’s former management team, including Kristalina Georgieva.

He had to resign in 2018 after criticizing the methodology of the same report. The World Bank announced last week that it was stopping publishing the report immediately, while the US Treasury called the findings “serious” while insisting it would review the report.

You May Also Like

About the Author: Hanley Mallin

Internet geek. Wannabe bacon enthusiast. Web trailblazer. Music maven. Entrepreneur. Pop culture fan.

Leave a Reply

Your email address will not be published. Required fields are marked *