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IMF Board To Grill Ex-World Bank Chief On Data-Rigging Claims: Report

IMF Board To Grill Ex-World Bank Chief On Data-Rigging Claims: Report

NDTV
Sunday, October 3, 2021 1:07 PM GMT

A World Bank investigation report had alleged that Kristalina Georgieva, as the bank's CEO in 2017, applied undue pressure on staff to alter data in "Doing Business" report to benefit China.

The International Monetary Fund (IMF)'s executive board will intensify its probe of Managing Director Kristalina Georgieva this week by separately interviewing her and investigators who said she pressured World Bank staff to alter data to favor China, people with knowledge of the meetings said.

The board will question lawyers from the WilmerHale firm on Monday about their World Bank investigation report, three people familiar with the plans said. The report alleged that Georgieva, as the bank's CEO in 2017, applied undue pressure on staff to alter data in the flagship "Doing Business" report to benefit China.

Georgieva, who has strongly denied the accusations, will appear in person before the board on Tuesday, the day she is to deliver a virtual speech about the IMF and World Bank annual meetings October 11-17, two of the sources said.

The interviews could prove pivotal in either building or eroding IMF shareholder support for Georgieva.

Read full story on NDTV
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