Kristalina Georgieva, managing director of the IMF, has been accused by a World Bank inquiry of directing efforts to artificially boost China’s ranking in the lender’s influential annual Doing Business report.
The allegations pertain to the period when she was chief executive of the World Bank and overseeing its efforts to raise new capital from stakeholders including China.
Georgieva said she disagreed fundamentally with the accusation, contained in a report commissioned by the bank from the law firm WilmerHale. It was presented internally on Wednesday and released by the World Bank’s board on Thursday.
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