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

Snowfall In Kashmir: Police rescued 50 tourists trapped in snow, 6 missing in Kishtwar

Around 50 tourists who reached the tourist destination Sonmarg to enjoy the snowfall have been re

MI vs KKR: 'We just came to know about this...', why did captain Shreyas Iyer say this after thrashing Mumbai?

Kolkata Knight Riders (KKR) defeated Mumbai Indians (MI) by 24 runs in the 51st match of IPL

Free ration scheme extended again for three months, DA's Diwali gift to central employees too

Giving a big relief to the poor population of the country, the central government has decided to

Morbi Bridge Collapse case reached the Supreme Court, demanding the formation of a judicial commission under the supervision of a retired judge

The matter of the cable bridge collapse in the Morbi district of Gujarat has reached the Supreme

How to buy iPhone 17, iPhone Air, iPhone 17 Pro, and iPhone 17 Pro Max cheap? See offers and pre-order details.

Apple has launched the all-new iPhone 17 series at its 'Awe Dropping' launch event on September 9

Gold Silver Price Today: The downward trend continues in the bullion market; silver falls by ₹16,000, and gold becomes ₹3,400 cheaper.

Gold and silver prices continue to fluctuate. Gold has become cheaper by up to ₹3,400, while si

'Until our problems are not resolved, every help is useless', Shehbaz Sharif said on the plight of Pakistan

Pakistan is facing a financial crisis these days. The situation is such that there is a continuou

Winter season, lack of food; Now India trusts Europe to pacify Russia

Nine months have passed since the war between Ukraine and Russia, but so far neither of them is r

Wayanad Lok Sabha by-poll: Priyanka Gandhi and CM Vijayan come face to face over 'Jamaat-e-Islami', know what will be its impact on voting

By-elections are being held on the Wayanad Lok Sabha seat in Kerala. Today (11 November) is the l

Broken Rice Export: Broken rice can be exported with conditions till September 30, the government approved

The government has now permitted for export of broken rice till 30 September. But this can be don

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