
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.
Rahul Gandhi's Birthday: When Rahul Gandhi had to face two biggest tragedies in his life
Happy Birthday Rahul Gandhi: Today is the birthday of Rahul Gandhi, son of late Prime Minister Ra
The horrific train accident in Odisha and the death of 275 people in it shocked the entire countr
Afghanistan has suffered the second major tremor of the earthquake for the second consecutive day
The fifth test match is being played between India and England at the Edgbaston Cricket Ground. H
Salman Khan again received a death threat, the message read- will blow up the car with a bomb.
Bollywood actor Salman Khan has once again received a death threat. This time a message has been
In Iran, women have taken to the streets to force the hijab. At the same time, another example of
The Waqf Amendment Act 2025 is to be heard in the Supreme Court today. The constitutional validit
Heatwave Alert In India:Â Given the scorching heat in the country, the India Meteorological D
After the film 'Saalar Part 1 Ceasefire', South superstar Prabhas is now in the headlines for his
Sunrisers Hyderabad lost the match against Gujarat on Sunday. The guests defeated them by seven w