“The Council has carried out today more important progress in its evaluation with a view to concluding its examination of the issue very soon”Concepts similar to those that the agency consigned this Friday in a statement. Likewise, the Executive Board reiterates “their commitment to a thorough, objective and timely review ”.
This Monday the Board of Directors will meet again to continue analyzing the case and to be able to make a resolution.
The continuity of Kristalina Georgieva at the head of the IMF has been questioned and international pressure is growing to “step aside.”
This explains that The Board has held meetings on Friday until the last minute like this Sunday and will meet again this Monday showing the urgency for ruling on the situation of the holder of the Fund.
But since this Monday begins the Annual Meeting of the Fund where all the ministers of Economy and presidents of the Central Banks meet it is speculated that an eventual resolution on whether or not Georgieva should continue as head of the IMF could be known at the end of the meeting.
Within the framework of the Fall Annual Meeting this Tuesday, the World Outlook (WEO for its acronym in English) will be released, which compiles the main macroeconomic data from more than 190 member countries.
Those who criticize Georgieva’s continuity as head of the organization argue that the reliability of the reports prepared by the Fund must be preserved.
The WilmerHale investigation noted that the World Bank CEO, then Georgieva, put “undue pressure” on Bank staff to boost China’s ranking in the “Doing Business 2018” report. At that time, the World Bank was reportedly trying to obtain a capital increase from China.
The result of this investigation led the World Bank to cancel the Doing Business that had been published since 2003. One of the organizations that came out to question Georgieva’s role in this matter was none other than the United States Department of the Treasury, which He indicated that he was analyzing what he described as “serious findings.”
Criticism on the issue led prestigious international media such as The Economist magazine, among others, to directly request Kristalina’s resignation.
The arguments they used are quite reasonable, according to international economists, “the Fund has an influential research department of its own. It is also the custodian of data standards for world macroeconomic statistics,” the article said.
The head of the IMF Georgieva, at the time, rejected the complaint, noting that “I do not agree essentially with the findings and interpretations of the Investigation of irregularities in the data, regarding my role in the report Doing Business of the Bank 2018 World Cup, “he said in a brief statement.
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