China's Grandfathering: Report Revealed, World Bank's Doing Business Report manipulated to avoid Dragon's displeasure


Posted on 17th Sep 2021 03:18 pm by rohit kumar

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

Did you know?Explore Trending and Topic pages for more stories like this.

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.

1 Like 0 Dislike
Previous news Next news
Other news

NEET PG Counselling: New seats added in NEET PG Counseling Stray Vacancy round; Open choice filling for all

Medical Counseling Committee (MCC) has added more seats in the NEET PG Stray Vacancy round and th

Parkash Purab of Guru Tegh Bahadur: PM Modi will address the nation from Red Fort today, know what is special this time

Prime Minister Narendra Modi will address the countrymen from the Red Fort today. The occasion is

Defamation Case: Rahul Gandhi recorded his statement in Sultanpur court in a defamation case, next hearing on August 12

Congress MP and Leader of Opposition in Lok Sabha Rahul Gandhi recorded his statement in the defa

India Canada Row: E-Visa service for Canadian citizens restored, S Jaishankar said - the situation is better than before

India Canada Row The rift between India and Canada has increased significantly in the last few mo

BJP's protest in the espionage case for the second day: Many BJP workers in custody; CM Kejriwal's program canceled at AAP headquarters

After the Delhi MCD, the BJP on Thursday tried to corner the Aam Aadmi Party (AAP) in the espiona

Aakash Chopra claims - If these two players do not play well then Gujarat Titans will also not perform well

Punjab Kings (PKBS) ended Hardik Pandya-led Gujarat Titans (GT) winning streak in IPL 2022 on 4 M

Sri Lanka Crisis: World Bank came forward to help the financially troubled Sri Lanka, will give $ 700 million help

There is relief news for Sri Lanka, which is facing the biggest economic crisis in history. The W

A film will be made on IPL founder Lalit Modi, the makers of '83' announced on the 15th anniversary of the tournament

There is a lot of excitement among the people regarding cricket and IPL has given it a new direct

Bhagwant Mann Marriage: Punjab CM Bhagwant Mann tied the knot with Dr. Gurpreet Kaur, married according to Sikh customs

Punjab CM Bhagwant Mann tied the knot with Dr. Gurpreet Kaur on Thursday. This marriage took plac

Virat Kohli: Virat Kohli displayed a blistering performance in the Vijay Hazare Trophy, scoring a half-century in just 29 balls, but narrowly missed out on a century.

In the Vijay Hazare Trophy 2025/26, Virat Kohli once again showcased his class and form with a br

Sign up to write
Sign up now if you have flare of writing..
Login   |   Register
Follow Us
Indyaspeak @ Facebook Indyaspeak @ Twitter Indyaspeak @ Pinterest RSS



Play Free Quiz and Win Cash