IMF reviews independent report into World Bank corruption allegations

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IMF reviews independent report into World Bank corruption allegations

WASHINGTON Reuters - The executive board of the International Monetary Fund is reviewing an independent report prepared by the World Bank about the actions of IMF chief Kristalina Georgieva in her previous senior role at the World Bank, IMF spokesman Gerry Rice said on Friday.

Georgieva has said she disagrees fundamentally with the findings and interpretations https: www.reuters.net. com business sustainable-business world-bank - kills-business - climate-report - after ethics probe-cites - unwanted pressure - 2021 - 09 '16 of that report, which alleges that she and other World Bank officials pressured their staff to boost China’s ranking in a flagship report. She briefed the board on Thursday in an early meeting.

The IMF board is currently reviewing this matter, Rice told Reuters, adding that, As part of the regular procedure in such matters, the ethics committee will report to the board. The results of the independent investigation, released on Thursday, said World Bank leaders, including then-chief executive Georgieva, applied undue pressure on staff to boost China's ranking in the bank's "Doing Business 2018" report.

Rice had no immediate comment on when the IMF ethics committee will report to the executive board.