IMF chief Kristalina Georgieva on Thursday disputed an independent investigation which found that in her previous job at the World Bank , she pressed staff to alter a report to avoid angering China. Based on the findings, the World Bank announced that it was immediately discontinuing its Doing Business report after the investigation found irregularities in the 2018 and 2020 editions. It is considered one of Kim's signature achievements that he shepherded a deal for a $13 billion increase in World Bank resources. - 'For multilateralism' -Georgieva chastised a World Bank senior official for "mishandling the Bank's relationship with China and failing to appreciate the importance of the Doing Business report to the country," the report said. At the time, the World Bank strenuously denied any political influence over the rankings.

Source: Mint September 16, 2021 21:33 UTC