IMF: severe accusation against Georgieva amid negotiations with Argentina

An independent investigation ensured that when Kristalina Georgieva She was the executive director of the World Bank, along with other managers, lobbied agency staff to change the data and favor China’s position in an internal report.

The international press has reported on an investigation by the law firm WilmerHale, which was commissioned by the board of directors of the World Bank (WB) and which examined thousands of documents and interviewed more than 30 employees and former members of this body. From this investigation, WilmerHale ensured that Georgieva, together with the then President of the World Bank, Jim Yong Kim, pressured employees to improve China’s rating in the 2018 and 2020 editions of the organization’s “Doing Business” annual report.

In the midst of this accusation, the current boss of the World Bank, David Malpass, has decided to suspend the production of this annual document. The Nobel laureate in economics Paul Romer assured that, on the basis of this complaint, the member countries of the International Monetary Fund “will have to decide whether (Gerogieva) will retain his post” as director general of the organization.

Romer, chief economist at the World Bank, speaking to the agency AFP He criticized Georgieva at the time for seeking to “cover up” and “whitewash” issues that concerned him about “Doing Business”. Romer resigned in January 2018 after making his concerns public.

The United States will play a crucial role in determining Georgieva’s futurebecause Washington has the largest voting stake in the IMF. “These are serious conclusions,” the US Treasury said in a statement. Finally, he concluded: “Our main responsibility is to defend the integrity of international financial institutions.