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Probe found ‘undue pressure’ from World Bank leaders to boost China business rankings By Reuters

by Mike Robinson

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© Reuters. FILE PHOTO – The Chinese flag can be seen in Beijing on April 29, 2020. REUTERS/Thomas Peter/File Photo

WASHINGTON (Reuters) – An investigation conducted by law firm Wilmerhale concluded that leaders of the World Bank applied “undue pressure” to secure changes aimed at improving China’s ranking in the bank’s “Doing Business 2018” and those of other countries in the 2020 report.

According to the report, there was “direct and indirect pressure” by senior members of the World Bank’s office to alter the methodology for China to improve its score.

The report stated that Kristalina Georgieva was the then-CEO of the International Monetary Fund and an adviser who pressured staff to change China’s ranking and make specific data changes. It happened at a time the bank needed China’s support to increase its capital.

Georgieva responded to the IMF’s findings and claimed that she has met with its executive board.

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