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.
Greece introduces six-day working week for some businesses Greece has introduced a six-day working week for some industries in a bid to boost productivity and employment. The regulation, which went into effect on July..
Bulgarians are the third largest minority in Albania, according to the latest census data. These are the first official data on the number of Bulgarians in Albania, as the Bulgarian minority was only officially recognised in 2017. It was not until the last..
North Macedonia claims Bulgaria doesn’t have a project for a railway line along Corridor No. 8 The construction of the railway line from Kriva Palanka in North Macedonia to Bulgaria along corridor No. 8 could lose the EU funding because of tenders..
Greece introduces six-day working week for some businesses Greece has introduced a six-day working week for some..
Clear