The board of directors of the International Monetary Fund (IMF) reaffirmed last Monday night (11) its “full confidence” in Kristalina Georgieva, who thus remains in the position of managing director of the entity, despite accusations of irregularities against her.
The supervisory bodies of the Washington-based institution considered that the information presented during the investigation did not allow them to assign “an improper role” to the Bulgarian economist.
For her part, Georgieva immediately accepted the decision, saying the charges were “unfounded”.
The question of whether 68-year-old Georgieva would remain in charge of the IMF has popped up since the Sept. 16 publication of the findings of an investigation by the law firm WilmerHale, conducted at the request of the World Bank’s ethics committee.
In that investigation, she was accused of having manipulated data from the “Doing Business” report to favor China when she was director general of the World Bank.
Georgieva, managing director of the IMF since October 1, 2019, has always denied the acts of which she was accused.
On Monday night, the Fund said the decision was taken after the eighth board meeting on the matter, “as part of the board’s commitment to conduct a comprehensive, objective and accurate review.”
“The Board concluded that the information presented during its review did not conclusively demonstrate that the CEO played an inadequate role in relation to the ‘Doing Business 2018’ report when she was CEO of the World Bank,” says the press release.
“After reviewing all the evidence presented, the Board of Directors reaffirms its full confidence in the managing director’s leadership and ability to continue to perform her duties effectively,” the text adds.
The Board stated that it is confident in “Georgieva’s commitment” to “maintaining the highest standards of governance and integrity at the IMF”.
“Trust and integrity are the pillars of the multinational organizations that I have faithfully served for more than four decades”, recalled Georgieva, who revealed that she had gone through “a difficult episode on a personal level” and expressed her “unwavering support for the independence and integrity” of the institutions. .
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