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.
People have many doubts and suspicions regarding the Special Summary Revision (SSR). Those who ar
Mongla Port Authority and EGIS India Private Limited have signed a contract for Project Managemen
The central government has made some changes in its guidelines related to the treatment of corona
Due to rain in many states of the country and the first snowfall of the season in the hilly state
The situation has escalated near the Syed Faiz Ilahi Mosque in Turkman Gate following demolition
On the special occasion of Independence Day, actor Akshay Kumar has good news for his fans. Aksha
A surprising case has come to light from Maharashtra regarding the corona vaccine. Filing a petit
ONGC Profit: ONGC second-largest profit-making company, earned a profit of 40306 crores in 2021-22
Oil and Natural Gas Corporation (ONGC) has become the second-largest profit-making company in the
In Uttar Pradesh, BJP has won a landslide victory with 255 seats. Among allies, 12 candidates of
Britain's prestigious Oxford University has agreed to return a 500-year-old bronze statue of a sa
