Imf Director ‘exit’ Allegedly Settlement For China

The International Monetary Fund (IMF) decided to keep Kristalina Georgieva as an executive position despite the allegations that she affected a business report gave the 'beneficial' results to China when she was public work at the World Bank.Mana IMF has held a meeting on October 11 to consider allegations that Ms. Georgieva put pressure on employees to increase the ranking of China in the report Business environment (DOING BUSINESS) of the World Bank (WB) .Ba Kristalina Georgieva. Photo: CNBC "After considering all the evidence presented, the Executive Board reaffirms completely trust in the leadership of the executives and the effective implementation of her duties", IMF said in a statement

. The Fund shows that the information presented in the evaluation process "It doesn't clearly prove that the executive has played an inappropriate role." US Finance Minister Janet Yellen said in a statement that If there is no "Direct evidence of the role of the executive, there is no basis for the change in the IMF leadership", but also thinks that the doubts are "legitimate". Georgieva hold IMF leadership position since October 2019
The World Bank has stopped out of Doing Business reports since the above allegations. Earlier, Ms. Georgieva held the position of WB director from 2017. A report was implemented by the Wilmerhale Law Firm and was required by the WB's Ethics Committee, said she settled the research results in the report Make Chinese rank better recognized.Wilmerhale in September affirmed, during working at the World Bank, she "Georgieva was directly involved in Chinese ranking improvement efforts [ In the Doing Business report]. "Ms. Georgieva denied the accusation on.Du Doing Business was an important part of the annual study at the World Bank to assess a country's friendly level for activity Business dynamism. According to Wilmerhale's assessment, Rong reported in 2018, China was originally ranked 85, but after influence inside the leadership team and the intervention from Beijing; The country ended in 78th place. Countries such as France, Germany, Italy and England are supposed to have supported Mrs
Georgieva to continue its IMF leadership, while some US officials expressed their doubts. , The World Bank said they decided to stop the Doing Business report.

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