The executive board of the International Monetary Fund, IMF,reaffirmed its full confidence in IMF Managing Director Kristalina Georgieva, after conducting a review of the claims that she had pressured World Bank staff to tamper with data in favour of China while she was World Bank director.
US Treasury Secretary Janet Yellen warned Georgieva she would closely monitor the IMF's follow-up and evaluate any new facts or findings, and called for proactive steps to reinforce data integrity and credibility at the IMF.
“The Executive Board considered that the information presented in the course of its review did not conclusively demonstrate that the Managing Director played an improper role regarding the Doing Business 2018 Report when she was CEO of the World Bank,” the statement by the IMF Executive Board reads.
“Trust and integrity are the cornerstones of the multinational organizations that I have faithfully served for more than four decades.”, Kristalina Georgieva commented after the decision. She stated that “the episode had been difficult for her personally” adding she was grateful the IMF board had expressed confidence in her leadership.
Romanian police and military personnel worked as mercenaries in Congo According to a report by the Romanian Ministry of the Interior, 11 of its employees worked as mercenaries in Congo while on sick leave, Digi24 reported. The Ministry..
Protesting Serbian students to cycle 1,300km to Strasbourg A group of 80 protesting students and other people from four Serbian universities – in Novi Sad, Belgrade, Niš and Kragujevac started cycling from the campus of..
Protests in Turkey continue after Istanbul mayor's arrest Mass protests in Turkey continue after Istanbul mayor Ekrem İmamoğlu was arrested on March 19. Nearly 1,900 people have been detained for participating in the..
Partly cloudy, chance of rain
Overcast, rain
Cloudy
sunshine, cloud, rain and thunder