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IMF board backs Georgieva after review of data-rigging claims

Mount Equity Group Tokyo, Japan > News > Business > IMF board backs Georgieva after review of data-rigging claims

International Monetary Fund (IMF) Managing Director Kristalina Georgieva speaks during a joint news conference at the end of the Summit on the Financing of African Economies in Paris, France May 18, 2021. Ludovic Marin/Pool via REUTERS/File Photo

WASHINGTON, Oct 11 (Reuters) – The International Monetary Fund’s executive board on Monday expressed its full confidence in Managing Director Kristalina Georgieva after reviewing allegations that she pressured World Bank staff to alter data to favor China.

But Treasury Secretary Janet Yellen put Georgieva on notice that 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. read more

The Fund’s 24-member board and Treasury issued separate lengthy statements after a week of marathon meetings over Georgieva’s actions as World Bank CEO that threw into question her continued…

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