Nobel laureate Romer decries lack of 'integrity' under Georgieva at World Bank - News Summed Up

Nobel laureate Romer decries lack of 'integrity' under Georgieva at World Bank


Nobel laureate Romer decries lack of 'integrity' under Georgieva at World BankNobel laureate Paul Romer in an interview criticized the lack of integrity of World Bank leadership, including Kristalina Georgieva, now the head of the IMFWASHINGTON - Nobel Prize-winning economist Paul Romer said the current head of the IMF, in her previous senior role at the World Bank, engineered a "whitewash" of his concerns surrounding the bank's flagship report. In an interview with AFP on Thursday, Romer said there was a "lack of integrity" among the World Bank leadership, including then-CEO Kristalina Georgieva. Romer said that during his time at the World Bank he was not aware of Georgieva pushing staff on China. He said Georgieva worked closely with Simeon Djankov who handled the "quote audit" of the report to look into his concerns. The investigation not only found that Georgieva but also Djankov and then-president Jim Kim pressured staff to alter the report to favor China.


Source: Bangkok Post September 17, 2021 02:15 UTC



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