The IMF board met Friday to review Georgieva-Source

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File photo: Cristalina Georgieva, Managing Director of the International Monetary Fund (IMF), Closing press conference of the International Monetary Fund (IMFC) Commission, 2019 Finance Ministers and Governors of the Bank of the IMF and the Bank global I will be speaking at the General Assembly. , October 19, 2019. REUTERS / Mike Theiler / File photo

October 6, 2021

By Andrea Shalal and David Lawder

Washington (Reuters) – After interviewing the board of directors of the International Monetary Fund with Cristalina Georgieva, alleging that she pressured World Bank staff to change the data to support China in its role previous. , said a source close to the proceedings, will meet again on Friday.

An IMF spokesperson said the board would meet “immediately” to discuss the matter, but did not give it a day.

“The board continues to engage in a thorough, objective and timely review and plans to meet again soon for further discussions,” a spokesperson said.

Wednesday Georgieva again https://www.reuters.com/business/imfs-georgieva-accuses-former-world-bank-president-kims-office-manipulation-2021-09-24 accusations in an external research report Strongly denied https: / /thedocs.worldbank.org/en/doc/84a922cc9273b7b120d49ad3b9e9d3f9-0090012021/original/DB-Investigation-Findings-and-Report-to-the-Board-of-Executive-Directors-September-15-2021 .pdf Elle puts “excessive pressure” on World Bank staff over changes that improved China’s ranking in the Doing Business 2018 report, when the World Bank sought Beijing’s help with a significant capital raise. I did.

In a detailed statement to the board that Reuters viewed the copy, Georgieva led the investigation, while Wilmer Hale, a law firm, was the CEO of the World Bank. She misunderstood her behavior and said she misrepresented her as not being the subject. From this survey.

She said that she and other World Bank officials had pressured staff to change the data to enhance China’s position in each country’s 2018 Business Environment Report, or its relevance for capital increases. Wilmer Hale rejected the conclusion.

“The idea of ​​suddenly starting to put inappropriate pressure on bank staff to change the information in the report after spending nearly 20 years at the World Bank is exorbitantly wrong,” Georgieva told the board. IMF administration. Said to. “Banks and endowments live off our data and our analyzes. Bribing them is simply unacceptable.

The Council is competing to complete a review of the allegations against Georgieva ahead of the annual meeting of the IMF and the World Bank which begins next week. There, global lenders publish their latest economic forecasts.

Georgieva told the IMF’s board that he continues to engage “in my heart” to fulfill the important mission of the IMF.

Wilmer Hale’s comments were not immediately available.

The World Bank data rigging scandal damaged the research reputations of both institutions, https://www.reuters.com/business/world-bank-imf-face-long-term-damage-after- data -rigging-scandal- 2021 -10-04 Former staff, government officials and outside experts say they are raising critical questions about whether the jobs will be affected by shareholders.

On Monday, members of the IMF’s board spent five hours questioning lawyers in Wilmer Hale’s office about the investigation report. -the-Board-of-Executive-Directors-September-15-2021.pdf, and how it was implemented.

Georgieva pointed out that he had had issues with WilmerHale’s investigation and that some of his comments were out of context, falsely convinced that his testimony was confidential and confirmed the accuracy of the testimony. I have not had the opportunity to confirm.

So far, the most influential member governments of the fund, including the largest shareholder in the United States, have retained public judgment as the review process has progressed.

(Report by Andrea Shalal and David Lawder, edited by Hugh Lawson and Diane Craft)


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