Need more time to weigh data-rigging details, says IMF board
The Hindu
According to the allegations, World Bank employees were pressured to alter data affecting its business-climate rankings of China and other nations. in 2018 from Kristalina Georgieva was the head of the agency.
The International Monetary Fund says it needs more time to weigh its response to a law firm's findings that the was involved in data-rigging at the World Bank when she was a top official there.
The fund's executive board met on Friday, October 8, 2021, to consider the results of an investigation that found that in 2018, World Bank employees were pressured to alter data affecting its business-climate rankings of China and other nations. At the time, current IMF head was a top official at the World Bank.
The allegations of data-rigging come from a review conducted by the WilmerHale law firm that found Ms. Georgieva pressured the bank's economists to improve China's ranking at a time when she and other bank officials were attempting to persuade China to support a boost in the World Bank's funding resources.