Kristalina Georgieva, president of the International Monetary Fund (IMF), may continue to hold her position. That is the outcome of “extensive” consultations by the IMF board, according to a statement. The position of the Bulgarian top woman came under pressure at the end of September, because she allegedly tampered with the rankings during her previous job at the World Bank Ease of Doing Business. Georgieva herself firmly denies the allegations.
Also read: The name Georgieva pops up at every top position
Each year, the rankings mapped out per country which obstacles exist in doing business. Georgieva and her employees would have ensured that China did not fall in the ranking of the year 2018, according to an evaluation conducted by the American law firm Wilmer Hale. The IMF ordered an integrity investigation and now concludes that, after analyzing all the evidence, there is no reason to remove the top woman from her position. The board writes that it has “complete confidence” in Georgieva’s leadership skills and is confident in her commitment to ensuring “the highest standards of integrity at the IMF”.
In addition to the IMF, the World Bank has also launched an investigation into possible misconduct by (former) staff, including Georgieva. It is not yet known when the results will appear. After the publication of Wilmer Hale’s report, the World Bank decided earlier this month to stop the ranking altogether.