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The international financial body continues its investigation for alleged malpractices by its director, Kristalina Georgieva, when she was a World Bank official for the benefit of China’s business classification in an economic report
Ongoing investigation. The executive board of the International Monetary Fund (IMF) declared on Friday, October 8, that it is seeking “clarifying details” in the investigation it is undertaking against its current director Kristalina Georgieva, accused of changing China’s business classification during the ‘Doing Business 2018’ report .
Gerry Rice, a spokesman for the agency, confirmed the meeting in a statement “as part of the ongoing review.”
For her part, Georgieva assured that she had answered “all the questions that they had asked me”, while reiterating her innocence. The IMF board stated that it would “request more clarifying details with a view to concluding its consideration of this matter very soon” .
“The Fund’s Board of Executive Directors remains committed to a thorough, objective and timely review and looks forward to meeting again soon for further discussions,” Rice added in the note.
After Georgieva’s statement, which took about five hours, the law firm WilmerHale also offered its version, which accuses her of manipulating the data of her audit when she was a World Bank official.
Georgieva defends herself while awaiting further statements
The current head of the IMF argued that “the WilmerHale Report does not characterize my actions regarding ‘Doing Business 2018’, nor does it accurately portray my character or the way I have behaved over a long period of professional time. career”.
The WilmerHale law firm released a report on Sept. 16 in which it pointed out several WB officials, including Goergieva, of pushing to improve China’s ranking in its regular “Doing Business” report.
According to the firm, China’s position in the 2018 report should have been seven places lower than where it was located. Several critics point out that the world’s second largest economy maintains a lot of influence over international financial organizations in exchange for financing.
With EFE and AP
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