IMF board to meet again Friday on Georgieva review – source
- IMF chief calls report findings “scandalous and false”
- Board of directors of a toasted law firm that investigated for five hours
- Georgieva says she was told she was not under investigation
WASHINGTON, Oct.6 (Reuters) – The board of directors of the International Monetary Fund plans to meet again on Friday after interviewing Managing Director Kristalina Georgieva about allegations she pressured World Bank staff to that he changes the data in favor of China in his previous role, a source close to the deliberations said.
An IMF spokesperson said the board would meet “soon” to discuss the matter, but did not give a day.
“The board remains committed to a thorough, objective and timely review and plans to meet again soon for further discussions,” the spokesperson said.
Georgieva again strongly denied on Wednesday accusations in an external investigative report that she exerted “undue pressure” on World Bank staff over changes that bolstered China’s ranking in the “Doing Business” report. 2018 ”at a time when the bank was seeking Beijing’s support for a major capital increase. Read more
In a detailed statement to the board, a copy of which was viewed by Reuters, Georgieva said the law firm that conducted the investigation, WilmerHale, misinterpreted his actions while serving as chief executive of the World Bank, and falsely told him that she was not a subject of his investigation.
She rejected WilmerHale’s conclusion that she and other senior World Bank officials pressured staff to change the data to bolster China’s position in the 2018 Business Climate Report. countries, or any link with the capital increase.
“The idea that after almost 20 years at the World Bank, I would suddenly start to inappropriately pressure Bank staff to change information in a report is outrageous and false,” Georgieva said. to the IMF Board of Directors. “The Bank and the Fund live according to our data and our analyzes. Bribing them is simply unacceptable.
The board is rushing to complete its review of the allegations against Georgieva ahead of the annual IMF and World Bank meetings, which begin next week, where the global lender will unveil its latest economic projections.
Georgieva told the IMF board that she remains committed “to my heart” in fulfilling the IMF’s vital mission.
No comment was immediately available from WilmerHale.
The World Bank’s data-rigging scandal has tarnished the research reputation of both institutions, raising critical questions about whether this work is subject to shareholder influence, according to former staff, government officials and outside experts.
On Monday, members of the IMF’s board spent five hours questioning lawyers at WilmerHale about their investigative report and how it was conducted.
Georgieva took issue with WilmerHale’s handling of the investigation, noting that some of her comments were taken out of context, she was falsely assured that her testimony was confidential and was never given a chance to verify its accuracy.
So far, the most influential member governments of the fund, including the largest shareholder in the United States, have withheld the public’s judgment as the review process unfolds.
Reporting by Andrea Shalal and David Lawder; Editing by Hugh Lawson and Diane Craft
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