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.
Salman Khan Show Bigg Boss 17: Salman Khan's controversial show Bigg Boss is going to make a come
The Uddhav faction has once again reached the Supreme Court regarding the battle of authority ove
There is good news for those who dream of settling in Canada. Canada has raised the level of perm
AIMIM Chief Asaduddin Owaisi is on a tour of the state due to the Gujarat assembly elections. On
On Monday, Prime Minister Modi said that he was saddened by the devastation caused by the floods
Baba's aarti has become expensive in Kashi Vishwanath temple in Varanasi. Devotees will have to p
Sri Lanka is facing a severe economic and political crisis. Emergency has been imposed for the fo
Frustrated with the continuous falling prices of onions, the farmers have stopped the sale of oni
Imran Khan, who lost his post as Prime Minister of Pakistan, is still holding rallies. Imran addr
The second match of the three-Test series between Pakistan and Australia is to be played in Karac
