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.
Earthquake: Earthquake shook Northeast India, Myanmar measuring 5.2 on the Richter scale
Earthquake tremors were felt in the northeastern part of the country on Friday morning. At around
The era of controversies has also started in IPL 2025. In a new controversy, Kolkata's Eden Garde
In IPL 2022, the 39th match of the season will be played between Royal Challengers Bangalore and
General Mark Milley and Syed Asim Munir Talks: A day after the terrorist attack in Kabul, General
The Bangladesh Cricket Board (BCB) has refuted reports of an ultimatum from the ICC. Recent repor
Kangana Ranaut is currently hosting the show Lock-Up. The actress recently described herself as a
OnePlus phone is the most popular Android phone for its camera and other features. If you want to
Chandrayaan 3 Mission: Four years after the failed Chandrayaan 2, Chandrayaan 3 will make its sof
In Dehradun, the capital of Uttarakhand, following the death of Angel Chakma, a student from Trip
The weather pattern is going to change in the next few hours. The Meteorological Department said
