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.
Goa nightclub fire: Arrested accused Ajay Gupta blames the Luthra brothers, says, "I was just..."
In the Goa nightclub fire case, the Goa Police have detained co-owner Ajay Gupta from New Delhi.
India's Olympic and World Champion Neeraj Chopra is all set to make his much-awaited return to th
US President Donald Trump has imposed an additional 25 percent tariff on India. This tariff has b
Delhi: Drone seen above PM Modi's residence, SPG and police stirred, agencies engaged in the search
The news of a drone flying over the Prime Minister's residence on Monday morning created a stir.
Tiger 3 Message Video Released: Salman Khan is ready to return to the spy universe with the film
R Ashwin called Rishabh Pant 'Inzamam of Pakistan' and gave great advice to crush England.
Senior off-spinner Ravichandran Ashwin gave a detailed analysis of the Indian team's five-wicket
Many shocking revelations are happening in Mangaluru Auto Blast. Sources said that the accused Mo
The enthusiasm of the 10th International Yoga Day is being seen from the country to abroad. A dif
The report of the socio-economic survey that Chief Minister Nitish Kumar's government had talked
India's policy regarding the new situation in Bangladesh is slowly taking shape. Under this, cont
