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.
In the NEET paper leak case, the Central Bureau of Investigation (CBI) has intensified action in
Officials of the Board of Control for Cricket in India (BCCI) and the Cricket Association of Beng
Rescue is going on for about 30 hours for 6-year-old innocent Tanmay who fell in a borewell in Ma
While issuing a new national security policy, Pakistan has warned India and said that if India do
Chinese hackers targeted the power grid near Ladakh a few months ago. Their motive was to steal i
The Office of the United Nations High Commissioner for Human Rights (OHCHR) is quite angry these
The monkeypox virus is spreading rapidly in America. So far, more than 30 children have also been
King Kohli was left behind! After Joe Root, now Steve Smith is also ahead of Virat in Fab 4
Australia's swashbuckling batsman Steve Smith has put the team in a strong position in the second
The Pakistan squad for the 2026 T20 World Cup included players who were physically unfit. Among t
GST 2.0 rates came into effect today, what will be the benefits and impact? Understand in 10 points.
A major change has been implemented in the Goods and Services Tax (GST) from today. The new GST r
