The IMF will decide “very soon” if Kristalina Georgieva retains her post after the scandal over her management at the World Bank

The International Monetary Fund said on Friday that will decide “very soon” whether its struggling managing director Kristalina Georgieva will keep her post. The agency asked “for details” in its investigation to the current director general of the agency, Kristalina Georgieva, so that she can take a decision “very soon” on the matter.

“The Board of Directors remains committed to a thorough, objective and timely review. Although the Board of Directors has made significant progress in its assessment, at today’s meeting it agreed to seek further clarification with a view to concluding its review of the matter very soon, ”said the IMF in a press release.

The IMF Executive Board meeting this Friday intended to address the matter after speaking this week with law firm Wilmer Hale, author of the audit that caused the crisis, and interview Georgieva herself.

Wilmer Hale pointed out in a report released on September 16 that Several senior World Bank officials in 2017, including Georgieva, lobbied the organization “Incorrectly” to improve China’s ranking in its “Doing Business” periodic report.

The goal was to improve their ranking at a time when the World Bank (WB) requested Beijing’s support to increase its capital.

China’s position in the 2018 report, published in October 2017, I should have been seven places lower ranked 85 instead of 78, the agency said in an internal review.

As a result of these accusations, The BM canceled the disclosure of the “Doing Business” report, one of his most influential publications.

Georgieva, for his part, said in a statement that he disagreed “Fundamental” with the findings and interpretations of this independent investigation.

Bulgarian economist She was Executive Director of the World Bank from January 2017 to October 1, 2019, before taking the head of the IMF to succeed the French Christine Lagarde.

The IMF and the World Bank are holding their annual meeting next week, during which both institutions will have to explain these allegations of professional misconduct and that threaten to damage your credibility.

IMF board could meet again on Saturday, indicated at AFP a source familiar with the matter on condition of anonymity, adding that Georgieva has received support from France and European countries in general.

(With information from EFE and AFP)

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