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.
President Rumen Radev has returned amendments to the State Property Act to Parliament for further discussion, the President’s press office announced. The changes were adopted on 31 July, the last working day before the National Assembly’s summer recess...
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Starting in November, euro banknotes and coins will be offered for purchase to businesses and citizens before entering the eurozone on January 1, 2026. Traders will have to obtain euro banknotes and coins in order to be able to..
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Starting in November, euro banknotes and coins will be offered for purchase to businesses and citizens before entering the eurozone on..
For the first 7 months of 2025, compared to the same period in 2024, electricity exports from Bulgaria have been growing. This was..
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