China's Grandfathering: Report Revealed, World Bank's Doing Business Report manipulated to avoid Dragon's displeasure


Posted on 17th Sep 2021 03:18 pm by rohit kumar

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

Did you know?Explore Trending and Topic pages for more stories like this.

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.

1 Like 0 Dislike
Previous news Next news
Other news

A film will be made on IPL founder Lalit Modi, the makers of '83' announced on the 15th anniversary of the tournament

There is a lot of excitement among the people regarding cricket and IPL has given it a new direct

Munna Bhai 3: When will 'Munna Bhai 3' hit the screens? Sanjay Dutt gave an interesting answer, and made this special appeal to fans too.

Actor Sanjay Dutt is among the top actors of Bollywood. The much-awaited third installment of San

Side effect of not opposing Russia: Germany considering not to invite India to G-7 meeting, guest list will be final soon

India's stand has been neutral since the start of the Russia-Ukraine war. Germany is now discussi

RBI's Big Decision: Banks Can Now Offer Different Interest Rates on Bulk Deposits; New Rules Explained

The Reserve Bank of India (RBI) has introduced a major change to the banking system by allowing c

India Canada Row: No entry of Canadian citizens into the country, another action against Canada; India suspended visa service

India has taken another big action against Canada. India has suspended visa services for Canadian

US alert on China's military drill: Biden said - do not be afraid of exercise, there is a concern; Beijing keeps silence

President Joe Biden's reaction has come for the first time since US Speaker Nancy Pelosi's visit

DeepSeek: 'Sensitive data from Chinese AI startup DeepSeek leaked on the internet', claims Israeli cybersecurity firm

Sensitive data of Chinese AI startup DeepSeek is being claimed to have been leaked on the Interne

Goa Election 2022: Manohar Parrikar's son Utpal Parrikar breaks silence on contesting assembly elections, explains the reason

Former Goa Chief Minister late Manohar Parrikar's son Utpal Parrikar is contesting as an independ

SBI: Big relief for SBI customers, bank waives SMS charges on mobile fund transfer

There is news of relief for the customers of the State Bank of India. The bank has waived SMS cha

IND vs SL: Rishabh Pant or Sanju Samson? Gautam faced a serious problem on his first tour.

It will be challenging for the newly appointed head coach of the Indian cricket team, Gautam Gamb

Sign up to write
Sign up now if you have flare of writing..
Login   |   Register
Follow Us
Indyaspeak @ Facebook Indyaspeak @ Twitter Indyaspeak @ Pinterest RSS



Play Free Quiz and Win Cash