The executive board of the International Monetary Fund, IMF,reaffirmed its full confidence in IMF Managing Director Kristalina Georgieva, after conducting a review of the claims that she had pressured World Bank staff to tamper with data in favour of China while she was World Bank director.
US Treasury Secretary Janet Yellen warned Georgieva she would closely monitor the IMF's follow-up and evaluate any new facts or findings, and called for proactive steps to reinforce data integrity and credibility at the IMF.
“The Executive Board considered that the information presented in the course of its review did not conclusively demonstrate that the Managing Director played an improper role regarding the Doing Business 2018 Report when she was CEO of the World Bank,” the statement by the IMF Executive Board reads.
“Trust and integrity are the cornerstones of the multinational organizations that I have faithfully served for more than four decades.”, Kristalina Georgieva commented after the decision. She stated that “the episode had been difficult for her personally” adding she was grateful the IMF board had expressed confidence in her leadership.
Protests in Turkey continue after Istanbul mayor's arrest Mass protests in Turkey continue after Istanbul mayor Ekrem İmamoğlu was arrested on March 19. Nearly 1,900 people have been detained for participating in the..
Bulgaria's parliamentary crisis delayed for months the election of the heads of key regulatory bodies, such as the Energy and Water Regulatory Commission (EWRC) and the Constitutional Court. Now that the 51st National Assembly has formed a ruling majority..
The Speaker of the National Assembly, Natalia Kiselova, suggested that the MECH parliamentary group could be restored, but this would require a change in the rules or a decision by the parliament. There Is Such a People (ITN) proposed to submit a draft..
+359 2 9336 661