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

IND W vs ENG W: England defeated India by 38 runs in the first T20, Shefali Verma's half-century went in vain

In the first match of the three T20 match series between India and England, India had to face def

Solar Eclipse 2023: When is the solar eclipse in India, know the time and date; how to avoid negative energy

Surya Grahan 2023: The first solar eclipse of the year 2023 is going to happen on 20 April. This

More than 150 pregnant women are at risk of infection due to contact with corona infected doctor in the hospital

Many pregnant women are at increased risk of getting infected after a doctor who performed sonogr

Shraddha Murder: Aftab's narco test will start in Ambedkar Hospital in Delhi in some time, and many secrets will be revealed

The narco test of Aftab Amin Poonawala, accused in the murder of live-in partner Shraddha Walker

Garena Free Fire banned, you can play these 5 mobile games, you will get a lot of fun

Garena Free Fire Ban: The Government of India has banned 54 Chinese mobile apps (54 Chinese Apps

CSK vs GT: MA Chidambaram Stadium has become like a nightmare for Gujarat Titans, 'Shubhman Brigade' will keep hiding its face

Tuesday was a very disappointing day for the Gujarat Titans. Shubman Gill-led Gujarat Titans suff

Rupee vs Dollar: Rupee closes at record low against the dollar, dollar index at two-decade high

Dollar vs Rupee: On Wednesday, September 21, the Indian rupee closed at its lowest level against

Devendra Fadnavis will be the new Chief Minister of Maharashtra, and Eknath Shinde, and Ajit Pawar will become Deputy CM

BJP leader Devendra Fadnavis will be the next CM of Maharashtra. Devendra Fadnavis' name has been

3rd day of IT raid on Sonu Sood IT sources claim – many evidences of tax malpractices found against the actor, manipulations were also found in the transaction of shooting fees

The Income Tax Department's raids continue for the third consecutive day at six locations includi

How India will beat England in the semi-finals: Chahal's return is possible, know the strength and strategy of the team

The cricket teams of India and England will face each other in the semi-final of the T20 World Cu

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