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.
On the first day of the Boxing Day match being played between India and Australia in Melbourne, a
Xiaomi 11i 5G Offer: Buy this 30 thousand smartphone of Xiaomi for less than 4 thousand rupees
Xiaomi 11i 5G Offer 2022: If you are thinking of buying Xiaomi's 5G model Xiaomi 11i 5G, then let
Recently, America has announced that impose a 50 percent tariff on India. Trump has claimed that
Due to heavy rains, India's financial capital Mumbai came to a standstill on Saturday. It has bee
Actor Ayushmann Khurrana calls him Anubhav Sinha 2.0. Even fans of director Anubhav Sinha are lov
Before the assembly elections in Gujarat, Union Home Minister Amit Shah has given a big gift to t
RBI: People lightened by oil prices, central bank advocates tax cut on petrol and diesel
There is an outcry over the prices of petrol and diesel in India. The ever-increasing prices have
India is preparing to buy Predator drones from America. On Saturday, Navy Chief Admiral R Hari Ku
IND vs AUS Pitch Report: After the ODI World Cup, it is the turn of T-20 cricket. Team India will
SSC CGL Result 2023: SSC CGL Tier 1 result released, know category-wise cut-off for all posts
SSC CGL Tier 1 Result 2023: The Staff Selection Commission has declared the result of Combined Gr
