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IMF board reviewing report on Georgieva’s actions at World Bank -spokesman By Reuters

by Mike Robinson

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© Reuters. FILE PHOTO – The International Monetary Fund logo can be seen at the Washington headquarters, U.S.A, on September 4, 2018. REUTERS/Yuri Gripas/File Photo

WASHINGTON (Reuters) – The executive board of the International Monetary Fund is reviewing an independent report prepared for the World Bank about the actions of IMF chief Kristalina Georgieva in her previous senior role at the World Bank, IMF spokesman Gerry Rice said on Friday.

Georgieva has said she disagrees “fundamentally with the findings and interpretations” https://www.reuters.com/business/sustainable-business/world-bank-kills-business-climate-report-after-ethics-probe-cites-undue-pressure-2021-09-16 of that report, which alleges that she and other World Bank officials pressured staff to boost China’s ranking in a flagship report. The issue was brought up by Georgieva to the attention of the board early Thursday.

Rice stated that the IMF board was currently reviewing the matter. She also said, “The ethics committee will be reporting to the board as part of the normal procedure in such matters.”

On Thursday, the results of an independent investigation revealed that World Bank executives, including the then-chief executive Georgieva had applied “undue influence” to staff in order to increase China’s position within the bank’s 2018 “Doing Business 2018” report.

Rice did not immediately comment on the date when the IMF ethics commission would report back to the executive board.

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