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This report puts Kristalina Georgieva, managing director of the International Monetary Fund, at risk of weakening her authority in the weeks leading up to the annual meeting of global treasurers.
This week, IMF President Kristalina Georgieva (Kristalina Georgieva) provided a more detailed defense to the bank’s board of directors to refute her improperly influencing a China-friendly report in her previous work at the World Bank. Allegations.
In a three-page letter written to the head of the Ethics Committee of the Board of Directors and obtained by Bloomberg News on September 21, Georgieva, then CEO of the World Bank, stated that she was So WilmerHale was surprised by the conclusion in a report in September. . 15 The audit report stated that she played a “key role” in the changes related to China’s ranking in the Doing Business Report 2018.
“This is totally untrue,” Georgieva wrote. “The premise on which this accusation is based — I pressured my employees to improve China’s business ranking in 2018 because of the World Bank’s capital increase — is wrong and based on the fundamentals of my role as the World Bank’s chief executive officer. Misunderstandings, capital increase work, my participation in the Business Environment Report 2018, and how I can present myself in a personal and professional way.”
This report puts 68-year-old Georgieva at risk of seeing her authority weakened in the weeks leading up to the annual meeting of global treasurers. The U.S. Treasury Department considers these allegations serious and is “analyzing the report,” while Republican lawmakers are calling on the Treasury Department to investigate these allegations.
The International Monetary Fund previously promised to conduct a “thorough, objective and timely review” of Georgieva’s allegations. Last week, after the WilmerHale audit was released, Georgieva stated that she disagreed with the findings and told the fund staff in the city hall that she asked the staff to double check or triple check the data, but never changed its final information.
The International Monetary Fund’s press office declined to comment on this letter. Wilmer Hale did not immediately respond to a request for comment.
In the letter, Georgieva stated that her participation in the review of the Doing Business Report is part of the responsibility of the department that oversees the production of the report.
She said she “required the team to thoroughly check every data point and the judgments applied to the rankings to ensure that we are on a solid basis. I also asked the team to address the complaints of many members that their reforms did not lead to higher rankings. “
Georgieva said that she later learned that the Doing Business team “decided to make some changes to China’s data, which affected its ranking.” Georgieva wrote that in the end, China’s ranking was the same as the previous year. Rather than decline, although there is no increase.
Georgieva wrote in the letter that the audit contained “many other false assertions, allusions, and assumptions.”
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