The executive board of the International Monetary Fund, IMF,reaffirmed its full confidence in IMF Managing Director Kristalina Georgieva, after conducting a review of the claims that she had pressured World Bank staff to tamper with data in favour of China while she was World Bank director.
US Treasury Secretary Janet Yellen warned Georgieva she would closely monitor the IMF's follow-up and evaluate any new facts or findings, and called for proactive steps to reinforce data integrity and credibility at the IMF.
“The Executive Board considered that the information presented in the course of its review did not conclusively demonstrate that the Managing Director played an improper role regarding the Doing Business 2018 Report when she was CEO of the World Bank,” the statement by the IMF Executive Board reads.
“Trust and integrity are the cornerstones of the multinational organizations that I have faithfully served for more than four decades.”, Kristalina Georgieva commented after the decision. She stated that “the episode had been difficult for her personally” adding she was grateful the IMF board had expressed confidence in her leadership.
Euro-subsidies scandal rocks Greece The Greek government has announced it will close down the Payment and Control Agency for Guidance and Guarantee Community Aid (OPEKEPE), the organization handling the payment of the EU's Common Agricultural..
Delian Peevski, leader of the DPS–New Beginning party, met with Dzhevdet Chakarov, chairman of the Democracy, Rights and Freedoms parliamentary group DPS–DPS (aligned with Ahmed Dogan) . During an in-depth discussion, the two agreed that “the page of..
Will the Green Deal survive, or is it already losing momentum? Is there a risk that Europe will be left alone in its fight for green policies? The Green Deal will survive, though it may be rebranded, believes Virginijus Sinkevičius, former EU..
Clear