Data-rigging allegations against IMF chief fall short, says French source

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PARIS, Oct 11 (Businesshala) – The data-rigging allegations against International Monetary Fund chief Kristalina Georgieva fall short of directly implicating her, a source in the French finance ministry told a board meeting to decide her fate on Monday. said before.

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Claims that she pressured World Bank staff to change the data to boost China’s “Doing Business” rankings when she was World Bank CEO went on Monday at the week-long IMF-World Bank annual meetings. Looking forward to the inauguration.

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Georgieva has strongly denied the allegations, which date back to 2017.

The 24-member IMF board is scheduled to meet on Monday to decide on Georgieva’s future, after people familiar with the plans met her on Sunday and the law firm that made the allegations.

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“We are of the opinion that most of the elements are on the table,[and]the law firm’s report does not detail the exact elements that would directly call the Director-General into question,” the French Finance Ministry source said.

“That is why France has extended its support to the Director-General and wishes that today we can take a decision on how to proceed with the work of the IMF in accordance with the Board’s ‘very soon’ decision,” the source said.

France and other European governments on Friday backed Bulgarian economist Georgieva to complete her term as IMF chief, while US officials and others sought more time to study separate accounts about data irregularities.

Europe’s support is important because the IMF chief is traditionally elected by European governments, with the US administration nominating the president of the World Bank.

Reporting by Leigh Thomas; Editing by Alex Richardson

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