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.
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..
Former Prime Minister Nikolay Denkov of the PP-DB has confirmed that the coalition will not support a cabinet with first and second mandates, and is against the idea of an ITN for a government led by technocrats with a third mandate. "Technocracy,..
"After consulting with my ITN colleagues, I have decided the following - we will not support a first or second term governments... I hope and expect that the third term will come to the There is Such a People Party (ITN) and then we will propose a..
Prime Minister of North Macedonia: We will not give up on EU membership but we will not be kneeling down Assessing the..
+359 2 9336 661