IMF chief Georgieva says data-rigging scandal won’t hamper IMF-World Bank cooperation

Investing.com | Oct 13, 2021 at 9:01 PM
  • International Monetary Fund chief Kristalina Georgieva on Wednesday said she did not expect a data-rigging scandal involving her former employer, the World Bank, to hamper decades of close collaboration between the two institutions.
  • Georgieva, who was cleared of wrongdoing in the matter by the IMF’s executive board on Monday, had sharply criticized a report prepared by law firm WilmerHale for the World Bank’s board, and the decision to make its findings public.
  • Some of her backers, including Nobel Prize-winning economist Joseph Stiglitz called the report a “hatchet job” by World Bank President David Malpass, and Mark Weisbrot, co-director of the Center for Economic and Policy Research, called for Congress to investigate Malpass’s actions in the matter.