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.
In the morning hours on Sunday, short-term fog will form in isolated places in the plains and valleys . During the day, it will be mostly sunny. Around and after noon, cumulus and cumulus-rainy cloudiness will develop, and in places in the southeastern..
Future generations must know that there were periods when human rights and dignity were worthless. This was emphasized at the annual pilgrimage in memory of the victims of the totalitarian communist regime in the Belene concentration camp by the..
Bulgarian President Rumen Radev , who attended the National Assembly of Sheep Breeders at the Peter and Paul Monastery near Lyaskovets, greeted the protesters today in various cities of the country demanding a referendum on the euro and the..
Protests in defence of the Bulgarian lev and against the adoption of the euro currency are scheduled to take place on May 31 in many cities and towns..
“The attempts to attack me over the fact that I enacted the law on adoption of the Euro are a vapid manipulation because there are absolutely no dates..
Raising fines for traffic offences and an enhanced police presence – these are the measures announced by Interior Minister Daniel Mitov after the..
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