IMF – decision postponed on Georgieva – economy

HomeEconomyIWF10. October 2021, 6:57 p.m.

IMF: decision on Georgieva postponed

The executive board of the International Monetary Fund (IMF) did not make a decision on Friday on the future of Managing Director Kristalina Georgieva. The IMF said the board has made significant progress but will seek further clarification in order to conclude the review soon. The board discusses Georgieva’s alleged role in a data manipulation scandal at the World Bank. According to their lawyers, the allegations are wrong. The boss of the IMF herself has repeatedly denied these allegations. The background to this investigation is an investigation by law firm Wilmer Hale, according to which prominent representatives of the World Bank – including its then managing director Georgiewa – allegedly exerted “inappropriate pressure” on employees in order to improve China in the ranking of the 2018 Doing Business report.

© SZ of 11/10/2021 / Reuters

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