IMF Managing Director Kristalina Georgieva has been asked to provide explanations by her former employer, the World Bank, over putting pressure on staff to inflate data on China.
According to an independent report by law firm WilmerHale commissioned by the World Bank, executives including the Bulgarian exerted pressure to raise the rating of the Chinese economy in the Doing Business ranking of 2018. That is how, instead of 85th, China ranked 78th.
The investigation also points to manipulations regarding Saudi Arabia's rating last year. The same report also claims that former Finance Minister Simeon Djankov played a key role in the scandals as an adviser. Kristalina Georgieva commented that she did not agree with the findings. She is expected to provide explanations about the World Bank report at an IMF meeting today.
On Thursday, minimum temperatures will range from 15 to 22°C , in Sofia – 16°C. Heavy rain clouds will develop from the southwest to the east-northeast during the day, bringing short showers and thunderstorms. In the south, there will be intense rainfall..
One of the most prominent international journalists in Bulgaria, Konstantin Ivanov, passed away on July 28, 2018, at the age of 87 , announced the Union of Bulgarian Journalists on its website. “ Konstantin Ivanov had one of the brightest and..
Parliament has approved the introduction of enhanced price controls for a period of one year, starting on 8 August 2025. The measure was adopted at the second reading of the Law on the Adoption of the Euro in Bulgaria, BNR reporter Daniel Inkov..
''At least 870 people could benefit from the 'I Choose Bulgaria' initiative, which aims to attract them back to Bulgaria from abroad. Most of them will..
Public procurement tenders have been announced for the final 2.4 km of the railway line from Gyueshevo to North Macedonia, as well as for the..
More than 95% of the wildfires in the country are caused by negligence or intent, said Prime Minister Rosen Zhelyazkov after inspecting the measures..
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