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.
Prime Minister Narendra Modi addressed a public meeting in Tonk, Rajasthan. On this occasion, PM
PM on Eid: 'Let unity prevail...', PM Modi gave a special message on Eid Milad-un-Nabi
Prime Minister Narendra Modi has greeted the countrymen by giving a special message on Eid Milad-
US News: Biden appoints two Indian-origin trades to President's Export Council
US President Joe Biden on Tuesday announced the appointment of two Indian-origin trade experts to
Auction of spectrum for the launch of 5G services is going on in the country. On Tuesday (July 26
Restrictions are being imposed given the increasing pollution in NCR including Delhi. Delhi gover
4 big benefits related to income tax announced in Budget 2022, will give big relief to taxpayers
No special announcement was made for the taxpayer in Budget 2022. It was expected that there migh
India has given a befitting reply to Bangladesh for commenting on the violence in West Bengal. Th
The fierce battle between Russia and Ukraine continues. Ukraine is also involved in the war. The
With the onset of winter in Delhi-NCR, the level of air pollution has also increased rapidly. The
Narcotics Control Bureau (NCB) and Nationalist Congress Party (NCP) spokesperson and minister Naw
