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.
The terrorist attack on America's World Trade Center completed 21 years on Sunday. 2 thousand 977
Chennai Super Kings are in poor form in IPL 2025. CSK has won only two out of 7 matches so far an
Supreme Court on Farmers Protest: The Supreme Court today asked that when it has put a stay on ag
After the defeat in the World Test Championship final against Australia, Indian captain Rohit Sha
In the heated atmosphere for the Delhi Assembly elections (Delhi Election 2025), there will be a
Today—May 2nd—between 12:00 PM and 6:00 PM, if you suddenly receive an emergency mess
In IPL 2025, Delhi Capitals continued their winning campaign and defeated Royal Challengers Banga
Kendriya Vidyalaya KVS Class 1 Admission 2022: If you also want to enroll your beloved or beloved
Congress won the Mandi Lok Sabha seat and all three assembly seats in Himachal Pradesh. With this
Regarding the Tirumala ghee and laddoo controversy, Andhra Pradesh Minister Payyavula Keshav clai
