The annual meeting of the International Monetary Fund and the World Bank, which begins Monday in Washington, appeared to have been postponed until Friday. The IMF board says it will meet again this Sunday with the company’s managing director, Kristalina Georgieva, and law firm Wilmerhail, who, while serving as the organisation’s executive director, said Georgieva had pressured him to change the data in China’s interest.Reuters cited “sources familiar with the plan”.
According to the international body, “the future of Georgia will be decided on Monday, with finance ministers and other officials from the IMF’s 190 member states meeting in Washington for the IMF’s annual fall meetings.
This Friday, the IMF board discussed the matter for five hours before adjourning the session and asked for further “clarification details” that could be resolved this Sunday, after the executive directors heard explanations from both sides.
From corruption to eclipse
The scandal threatens to cover up high-level meetings on the global economy, the Govt-19 epidemic and global financial issues, both in person and online with other meetings.
Georgieva has vehemently denied the allegations made when he was the CEO of the World Bank.. The current IMF director’s lawyer, Wilmerhail Law Firm, denied the bank’s employee response to allegations of violations of the bank’s rules. .
Those sources told Reuters that Georgieva and Wilmerhail’s lawyers would have to appear separately before the fund’s board. On the other hand, with no comments from Georgia, he commissioned SKDK, a public relations firm, to protect the public or to investigate what made the worst report.
basically The indictment alleges that the team responsible for preparing the report, led by Georgieva, Simeon Jankov, a fellow countryman and other senior officials, went from 82nd to 75th in the first editions to achieve a better position for China. The final edition of “Business 2018” was released on October 31 of that year.
According to the report, the manipulation was in response to pressure from Chinese government officials. In the context of the strategic conflict between Washington and Beijing, these are allegations of great political weight. Three members of the US Congress, two Republicans and one Democrat asked the US Treasury to study the matter in detail and to inquire into Georgia’s relationship with the Chinese delegation already as IMF director-manager.
On Friday, the governments of Italy, Germany and the United Kingdom joined forces to hold on to France’s initial support for Georgia’s continuation, but the position of the United States, a major partner in the fund, is unknown. It is a European fear that the United States will seek to appoint an American to the post in the face of this new mistake of a European official who is the head of the International Monetary Fund.
Since the founding of the World Bank and the IMF in 1946, a North American has always been the chairman (there are no women in the head of the organization) while a European has always been the chairman of the last two directors, as in the case of the French Christine Lagarde And the Bulgarian Georgia.