IMF Managing Director Kristalina Georgieva has been asked to provide explanations by her former employer, the World Bank, over putting pressure on staff to inflate data on China.
According to an independent report by law firm WilmerHale commissioned by the World Bank, executives including the Bulgarian exerted pressure to raise the rating of the Chinese economy in the Doing Business ranking of 2018. That is how, instead of 85th, China ranked 78th.
The investigation also points to manipulations regarding Saudi Arabia's rating last year. The same report also claims that former Finance Minister Simeon Djankov played a key role in the scandals as an adviser. Kristalina Georgieva commented that she did not agree with the findings. She is expected to provide explanations about the World Bank report at an IMF meeting today.
Magura Cultural Center is participating in the art project ''Irenwe Wa: she speaks the regular way'', created as part of the Terminal 5 expansion at Chicago’s O’Hare International Airport. ''This installation highlights the voices of immigrant..
Bulgaria’s Prime Minister Rosen Zhelyazkov held a video conference with Ukrainian Prime Minister Yulia Svyrydenko. During the meeting, Rosen Zhelyazkov reaffirmed Bulgaria’s unwavering support for Ukraine in the context of the war. He recalled that..
The government has approved a procedure that will open the country’s passenger rail transport to private operators, including foreign ones. This is set to begin on December 13, 2026. The planned duration of the contracts is 12 years. The country..
"There is no control body and it is not clear who checks the sports attractions, as well as who is responsible for their use". This was..
The Food Safety Agency of Azerbaijan has imposed temporary restrictions on the import of certain goods from some regions of Bulgaria and Croatia due to..
More and more young people in Bulgaria are succumbing to the easy access to quick loans, driven by the lack of financial experience, the desire for..
Partly Cloudy
Mostly Cloudy
Partly cloudy, chance of rain