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

US approval for Russian oil purchases: Sanjay Raut attacks the central government; opposition leaders also raise sharp questions

Shiv Sena (UBT) MP Sanjay Raut has reacted sharply to the US granting India a one-month extension

Offline Grocery Store: 86 percent people buy groceries from shops, two percent people take online support

Despite increasing online and e-commerce, 86 percent of people in the country prefer to buy goods

Weather Update Today: A cyclone is forming again in the Bay of Bengal, chances of rain in these states today, and cold will increase

The process of withdrawal of Southwest Monsoon is in the final stages and it will withdraw from m

UAN Activation Made Easy: Activate Your EPFO UAN via UMANG App Using Face Authentication

In a major digital upgrade for millions of Employees' Provident Fund (EPF) subscribers, the Emplo

Meta Plus Subscription Launched: Now Pay to Use WhatsApp, Facebook & Instagram? Here’s What the New Plan Offers

Tech giant Meta has rolled out a major update for users of Facebook, Instag

Wildlife Corridor Established on UP-Uttarakhand Border: A New Destination for Tourists—Boasting a Wealth of Attractions.

The Delhi-Dehradun Expressway stands as an unparalleled example of the balance between developmen

Agnipath: Ruckus, arson-sabotage in more than 60 districts, know what happened so far regarding the Agnipath scheme?

Five days have been completed since the launch of the Agneepath scheme of the Central Government.

Weather Fog Update: Visibility is zero in many states including Delhi-UP due to dense fog, vehicles ply the highway with lights on

UP Highways and Expressway Fog Update Entire North India including the capital Delhi is facing th

Amitabh-Ravi: Ravi Kishan praised Amitabh Bachchan for 'Kalki 2898 AD', Big B greeted him with a hug

Amitabh Bachchan is currently enjoying the success of his recently released film 'Kalki 2898 AD'.

'Getting punished for being a patriot...' alleges Sameer Wankhede after CBI raid in Aryan Khan case

Former Narcotics Control Bureau (NCB) officer Sameer Wankhede is accused of demanding a bribe of

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