
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.
These days the issue of work shifts is hot in Bollywood corridors. After becoming a mother, Deepi
Rishabh Pant got big responsibility for the T20 series against West Indies
Young wicket-keeper batsman Rishabh Pant has been appointed as the vice-captain for the upcoming
NDA candidate for the post of Vice President, C.P. Radhakrishnan, has filed his nomination. Prime
Before the start of the T20 World Cup, the Indian team will play its only practice match on June
Bollywood superstar Ranbir Kapoor is constantly in the news for the film Animal. The film made hu
Campaigning for the Tripura Assembly elections is in full swing. Big leaders are visiting the sta
Amit Shah ended the 50-year-old border dispute between Assam and Meghalaya
The governments of Assam and Meghalaya on Tuesday signed a historic agreement in the national cap
Jitendra Satish Awhad has been appointed chief whip of the Nationalist Congress Party (NCP) after
Its effect on the market started showing soon after the RBI hikes the repo rate. RBI on Friday in
'Never accepted anyone's mediation in the matter of Pakistan', Jaishankar shows the mirror to Trump
Foreign Minister Dr. S Jaishankar showed the mirror to US President Donald Trump, who is claiming