Buenos Aires Times | IMF chief risks weakened authority after China-linked probe
Kristalina Georgieva risks seeing her authority as head of the International Monetary Fund undermined just weeks before an annual meeting of global finance chiefs, after being accused of influencing a report in China’s favour when she worked at the World Bank.
Georgieva on Thursday said that she “fundamentally” disagreed with the finding – by an outside law firm engaged by the World Bank – that she had applied pressure on the bank’s staff to boost China’s ranking in an economic report. She informed the IMF board of the allegations on Thursday and will be addressing the Fund’s staff Friday, according to people familiar with the matter.
The substance of the charge – putting “undue pressure” on World Bank staff to adjust the rating in the Doing Business report when she served as chief executive officer – was the latest in a series of scandals that have…