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.
In talks with the President, we proposed a programmatic government with a clear programme. As the smallest party, we have no right to form it, but we want to know what this government will do, what commitments it will make and in what time frame. So..
As required by the Constitution, President Rumen Radev is holding consultations with representatives of the parliamentary groups in the 50th National Assembly before handing over the first exploratory mandate for the formation of a new Cabinet. After..
Mayor of Istanbul criticizes the migrant agreement between Turkey and the EU The mayor of Istanbul and an opponent of President Erdogan, Ekrem İmamoğlu, sharply criticized the 2016 agreement between Turkey and the EU to..
Bulgarians are the third largest minority in Albania, according to the latest census data. These are the first official data on the number of Bulgarians in..
+359 2 9336 661