IMF Board requests more details on probe into controversial World Bank Report on China

Insight Online News

Washington, Oct 9 : The International Monetary Fund’s (IMF) Executive Board will request additional details of the ongoing investigation into the activities of the organization’s Managing Director Kristalina Georgieva when she was the World Bank’s CEO.

The World Bank hired the WilmerHale law group to investigate allegations that staff had altered an index that measures the ease of doing business in member countries. Investigators found that World Bank officials pushed the team developing the index to manipulate it in several cases, most notably to improve China’s place in the ranking. Georgieva is among those mentioned in the report.

“The Executive Board remains committed to a thorough, objective, and timely review. While the Board has made significant progress in its assessment, it agreed at today’s meeting to request more clarifying details with a view to very soon concluding its consideration of the matter,” the IMF said on late Friday.

Last month, commenting on the WilmerHale report, Georgieva said that its authors made “wrong conclusions” and emphasized that she had not engaged in any corruption at her former workplace.


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