
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.
Punjab CM Bhagwant Mann tied the knot with Dr. Gurpreet Kaur on Thursday. This marriage took plac
Palm Oil: Palm oil prices may fall by 20 percent by September, expected to go up to $ 673 per ton
The price of palm oil, the world's most consumed oil, is expected to fall sharply. It is believed
The situation in the ongoing war between Russia-Ukraine is deteriorating continuously. The brutal
Dulquer Salmaan starrer King of Kotha was released in theaters on August 24 this year. Dulquer wa
World Bank also gave a blow to Russia and Belarus, banned all projects
The World Bank has taken a big step after the Russian attack on Ukraine. The World Bank has annou
Gold Silver Rate Today: Gold price rises, silver rises, know the price of your city before buying
Wednesday marks the seventh day of the Russo-Ukraine war and the situation in Ukraine has worsene
Russia-Ukraine War: US President Joe Biden warned Russia against using nuclear weapons in Ukraine
The suicide rate in India is at a record level of 24 years, NCRB figures are scary
The highest suicide rate has been recorded in the country for the first time since 1967. Last yea
Stephen's College is affiliated with the University of Delhi, admission for all categories of stu
A large part of India is struggling with the scorching heat these days and now the