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.
In 2026, a rare confluence of Shatila Ekadashi and Makar Sankranti occurred after 23 years. This
Don't mislead the public... High Court's scathing remarks on Baba Ramdev's statements on Allopathy
The Delhi High Court on Wednesday asked yoga guru Baba Ramdev to not mislead the public on the st
When the trailer of Diljit Dosanjh's Punjabi film 'Sardaarji-3' was released, Indian fans were fu
The Indian Army has started the process of procuring 130 state-of-the-art drones. These drones wi
When RJD supremo Lalu Prasad Yadav recently took a dig at Prime Minister Narendra Modi for not ha
The dispute continues between Canada and India. Meanwhile, the head of Canada's Conservative Part
When and how to use nuclear weapons in Ukraine, Russian army officials are talking
Senior Russian military officials are now discussing when and how to use nuclear weapons in Ukrai
The budget session of Parliament may begin on January 31. According to the news agency ANI, the b
BJP is now walking on an opposition-free path. It is working on a strategy to keep Congress in th
The helicopter of Uttar Pradesh CM Yogi Adityanath, who was coming to address an election rally i
