IMF execs meet over charges boss changed data to favor China - News Summed Up

IMF execs meet over charges boss changed data to favor China


The board did not announce any immediate decision and said it would meet again "soon." The board had already met with Georgieva, who denies the charges, last Thursday and Friday, immediately after the investigation was made public. The independent investigation found that during her time as World Bank CEO, Georgieva and then World Bank President Jim Yong Kim pressured staff to change their methodology to allow China not to dip in the closely watched rankings. US voices weigh heaviest in the IMF executive board, which chooses the organization's managing director, and the country also has a right of veto. The World Bank immediately announced that it would stop publishing the report.


Source: Bangkok Post September 22, 2021 02:15 UTC



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