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Former World Bank Official Allegedly Bewrayed In A Scandal

Posted by Osei Agyemang
Kristalina Georgieva

Kristalina Georgieva was poised to help countries “limit the risk of crisis” following her selection as the International Monetary Fund (IMF) managing director in 2019. Unfortunately, after two years, she is at the focal point of another crisis: an outrage over purportedly fudging numbers in her past job as World Bank CEO.

As per an independent probe, Georgieva purportedly impacted the doctoring of data in the Doing Business report to further improve China’s positioning.

An autonomous probe into the World Bank scandal preclude that Georgieva is chargeable. As per the authors of the investigation report, the former World Bank CEO’s actions assumed a critical role in the progressions to China’s data. Notwithstanding, Georgieva denies any bad behavior and contradicts the investigation and translations.

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Some people say, regardless of her denial, the scandal has gone far to somewhat damaged her hard won reputation. As the substance of the IMF, an establishment for which trustworthiness is everything, the outrage chances sabotaging the body’s position if she stays in charge.

Given the ruckus, the World Bank chose to end it. Georgieva stays in her post at IMF.

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