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

Bengaluru Stampede: FIR against RCB in Bengaluru stampede case, case may be handed over to CID.

11 people died in a stampede outside the Chinnaswamy Stadium in Bengaluru. Many people were also

SL vs NZ: New Zealand won the first ODI by 198 runs, it is difficult for Sri Lanka to qualify for the World Cup

The lethal bowling of Harry Shipley (5/31) helped New Zealand beat Sri Lanka by 198 runs in the f

NASA's Space-X Crew-6 mission launched: 4 astronauts flew in Falcon 9 rocket, and will stay in International Space Station for 6 months
Successful launch of NASA's Space-X Crew-6 mission. The Space-X Falcon-9 rocket (Dragon Endeavor) wi

NEET UG 2022: Due to severe floods in many states, how will the NEET exam be conducted?

NEET UG 2022: Many states of the country are in the grip of severe floods at this time. Hundreds

Religious Freedom Report: India rejects US report on religious freedom, know what is in it?

The US State Department has released its annual report on International Religious Freedom. The re

Indian Army: Women will be a part of the Artillery Regiment from which the enemies tremble; proposal sent

The Artillery Regiment of the Indian Army, from which the enemy's army is in awe. Now women are a

The army is all but in the name of regiment caste: Agniveer will work only in this 200-year-old system, British made regiments according to caste

Controversy is going on when asked about caste and religion in the recruitment of Agniveers in th

Indian High Commissioner stopped from entering Gurudwara, then his car surrounded; Acts of Khalistani supporters in Scotland

India-Canada Row: After the killing of Khalistani terrorist Hardeep Singh Nijjar, tension between

Engineering: Engineering students will study in 12 Indian languages, and a team of 291 people prepared books

In the upcoming academic session 2022-23, BTech second-year students of engineering colleges in 1

VHP will free temples from government control, will meet CMs of states; asked- why don't they run mosques?

Vishwa Hindu Parishad (VHP) has decided that it will run a campaign to free all Hindu temples fro

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