Economics

IMF Chief Called Out on Pressure to Lift China Ranking in Report

  • World Bank is abandoning ‘Doing Business’ report over ethics
  • IMF’s Georgieva was a leader at World Bank during ethics issue
WATCH: The World Bank says Kristalina Georgieva applied pressure to boost China’s position in a ranking of economies when she was working at the multilateral lender. (Source: Bloomberg)
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International Monetary Fund Managing Director Kristalina Georgieva was called out Thursday by the World Bank, her previous employer, for applying pressure to boost China’s position in a ranking of economies.

Georgieva said she disagreed with the findings, compiled by an outside law firm at the World Bank’s direction.