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

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

Jaswinder Bhalla: Gippy Grewal is shocked by the death of Jaswinder Bhalla, saying- 'He was like a father to me'

Jaswinder Bhalla, a well-known actor and comedian of the Punjabi industry, passed away today on 2

Ajay Devgn reacts to Akshaye Khanna's exit from Drishyam 3; the actor spoke to the director.

Following the success of the film Dhurandhar, actor Akshaye Khanna's name has been constantly in

Ismail Haniyeh Killed: Israel took revenge for 7 October, Hamas chief killed in Tehran

Hamas chief Ismail Haniyeh has died. After Iran's Islamic Revolutionary Guard Corps, Hamas has al

RBI launches pilot digital currency: No need to keep cash, CBDC wholesale starts with 9 banks

RBI launched the country's first digital currency on 1 November i.e. Tuesday. Currently, Central

Bangladesh Protests: India is keeping a close eye on the situation in Bangladesh, if the situation worsens then it can take this big step

India has called the agitation against the quota system (reservation) in government jobs in Bangl

UPSC CSE Final Result: Final result of Civil Services Examination 2021 may be released today, you can check here

UPSC Civil Service 2021 Final Result Merit List: The Union Public Service Commission (UPSC) is li

RR vs SRH: Samad won Hyderabad by hitting a six on the last ball, Sandeep's no-ball was heavy, and Rajasthan's sixth defeat

Sunrisers Hyderabad kept their hopes of reaching the playoffs alive by defeating Rajasthan Royals

Railway reprimanded Sonu Sood sitting at the door of a moving train, now the actor apologized, and said - just like that...

Sonu Sood, the star of Bollywood and South films, came forward as a messiah for the needy during

Prophet Row: Maldives, Qatar, Kuwait, Iran... why did this quarrel arise after all? Did its spark come from America?

Neighboring and trusted countries like the Maldives have also included themselves in the spark of

October GST Collection: In October, GST collection grew by 16.6 percent, crossing 1.50 lakh crore for the second time

There has been an increase of 16.6 percent in the Goods and Services Tax collection in October. A

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