Senators of the United States demanded from President Joe Bidenu to bring to the responsibility of the director-manager of the International Monetary Fund of Kristalline Georgiev due to violations when drawing up the rating of Doing Business.
“considering how important that this data [rating Doing Business] be and was considered immaculate, these accusations are deeply disturbed,” the US Senate Committee on International Relations says, which quotes TASS. – At first glance, it’s hard to overestimate the seriousness of the accusations. In the fact that Mrs. Georgiev will threaten the integrity of both the data and [worldwide] bank in order to please the Chinese government. The influence that these accusations may have for the strength and reputation of our international financial institutions and the Bretton Woods system, still not established , however, undoubtedly, it will not be good. “
Senators noted that Georgiev did not provide them with any evidence against the evidence of an independent audit. They called on President Bayden to ensure that the US Department of Finance understands the situation and attracted the responsibility of the perpetrators, the press service of the Committee reports.
On September 16, the World Bank published an audit report in which the actions of Georgieva on the preparation of Doing Business in 2018 are criticized when she held the post of executive director of the WB. The published report states that WB staff allowed various violations in the preparation of the rating of Doing Business, in particular, the indicators of China, Saudi Arabia and the UAE in it were overestimated, and Azerbaijan was understated. These reports annually evaluated the conditions for doing business in different countries of the world.
From the report, it follows that in the case of China, the data were changed, in particular, under pressure from Jim Yong Kim, who at that time was the President of the WB, as well as under the influence of Georgieva. The managerial manager of the IMF announced that the same day stated that he did not agree with the conclusions about his actions submitted in the report of lawyers. She said that he discussed published the results of the investigation with the IMF Executive Board. The World Bank on September 16 reported that he decided to abandon the practice of further preparation of its annual reports of Doing Business in the light of information on violations in drawing up reports in the recent past.