Podcast in English
Text size
Bulgarian National Radio © 2024 All Rights Reserved

IMF Chief Kristalina Georgieva faces serious accusations

Kristalina Georgieva
Photo: BGNES

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.



Последвайте ни и в Google News Showcase, за да научите най-важното от деня!
Listen to the daily news from Bulgaria presented in "Bulgaria Today" podcast, available in Spotify.

More from category

Sofia and Ho Chi Minh exchange letters of intent for cooperation

Sofia and Vietnam’s city of Ho Chi Minh exchanged letters of intent for cooperation. Sofia Mayor Vassil Terziev and Nguyen Van Dung, Vice Chairman of Ho Chi Minh City Municipal People’s Committee, exchanged the documents in the presence of Bulgarian..

published on 11/27/24 12:07 PM

WWF Bulgaria draws attention to bear conservation

In the week of St. Andrew’s Day (also known as Bears’ Day or Mechkinden), WWF is drawing attention to six orphaned bear cubs who have been given a second chance at life. The initiative is part of the "Subscribe to Nature" campaign and follows..

published on 11/27/24 11:28 AM

BNR, BNT and BTA awarded for best media partnership in support of tourism in Bulgaria

The Bulgarian Hotel and Restaurant Association (BHRA) presented its annual awards for professional achievements in the field of tourism. The Bulgarian National Television (BNT), the Bulgarian National Radio (BNR) and the Bulgarian Telegraph Agency (BTA)..

updated on 11/27/24 10:02 AM