
Big questions are being raised about the credibility of the World Bank's Doing Business report. The investigation found that the 2018 report by the World Bank was manipulated due to Chinese pressure. Controversy is deepening over irregularities in the World Bank's Ease of Doing Business report.
The name of the IMF's head came out in the controversy
Now the name of Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF) has also appeared in this. According to the report, Georgieva had pressured employees to make changes to a report during her stay at the World Bank so that China would not be offended. However, Georgieva disagreed on this.
China's pressure on the then president of the IMF
The report was prepared by law firm WilmerHale at the behest of the bank's ethics committee. In this, concern has been expressed about China's pressure on the World Bank. The report said that Kristalina had put pressure on employees to improve China's ranking. Along with this, there has also been talking of China's pressure on the then IMF President Jim Yong Kim.
Canceled Doing Business report for the time being
At the same time, Georgieva rejected the investigation report, saying that she did not agree with it and presented her side before the IMF Executive Board. Earlier on Thursday itself, the World Bank announced the postponement of the Doing Business report. In this context, the bank said that in the report, the matter of data tampering has come to the fore. So it has been canceled for the time being.
US Treasury Department will study
In the matter, the US Treasury Department said that it would study it. If this report is true, then it is a serious matter. According to the WilmerHale report, there was "direct and indirect pressure" from senior staff members of former IMF President Jim Yong Kim to change the methodology of the report and improve China's score.
China jumps seven places in 'Doing Business 2018' report
The World Bank had sought help from China for capital. Therefore, it is being speculated that instead of that, an attempt was made to give an advantage to China in the report. China was ranked 78th, up to seven places in the 'Doing Business 2018' report.
Unacademy-UpGrad Merger Gets CCI Approval; Big Boost for India's EdTech Industry
India's edtech industry is set for a major transformation after the Competition Commission of Ind
Congress leader Rahul Gandhi surrounded the Modi government on Sunday by raising the issue of Chi
Canadian MP said - strict action should be taken against anti-Hindu groups, Ram temple was damaged
The Ram temple is located in Mississauga, Canada, the temple was damaged in the past and anti-Ind
President Remark Row: Why did Smriti Irani do this to Sonia Gandhi? Read what is the whole matter
Senior Congress leaders and former Union Minister and Union Minister Smriti Irani are calling it
If we talk about Hollywood's great web series, then the name of Wednesday is definitely included
Nupur Sharma has been strongly reprimanded by the Supreme Court for her controversial statement o
Indian star cricketer Hardik Pandya is once again in the headlines these days. Apart from his uni
Ukraine has started using AI (Artificial Intelligence) to recognize the face of its enemies durin
NZ vs SL: Adam Milne hit 'claw' and Tim Seifert played stormy innings, New Zealand beat Sri Lanka
New Zealand beat Sri Lanka by 9 wickets with 32 balls to spare in the second T20 International ma
The final match of ODI World Cup 2023 is to be held between India and Australia. Both teams are f