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.
PM Rishi Sunak was seen selling flowers at the station in London, people were surprised
Britain's economy is in recession, inflation is skyrocketing and political instability is also be
Time 2 pm. Everywhere in Pikaura village of Mankapur, there was a discussion about the train acci
Valentine's Day is the day of love. This day is very special for lovers. Couples spend time toget
Ranveer Singh's Best Performances In Movies: Ranveer Singh made his Bollywood debut in the year 2
The country's economic growth may come down to 5.5 percent in the third quarter of the current fi
Actor Rajpal Yadav has been released from jail in a cheque-bounce case. He is now back to work. T
Two cases of HMPV found in India, can it also be as dangerous as COVID-19?
Once again China has become a matter of concern all over the world. For the past few days, a new
More than four months are left for the Uttar Pradesh assembly elections, but the war between the
Arms Race: World's military spending is at an all-time high of $2.1 trillion, India ranks third
Another big news has come during the ongoing war between Russia and Ukraine. According to the Sto
'My name is Iram. I live in Afghanistan. He has done his Master's at Pune University. When India
