Finance

IMF chief Georgieva says she was misled by law firm on World Bank probe

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Worldwide Financial Fund (IMF) Managing Director Kristalina Georgieva speaks throughout a joint information convention on the finish of the Summit on the Financing of African Economies in Paris, France Might 18, 2021. Ludovic Marin/Pool by way of REUTERS/File Picture

WASHINGTON, Oct 6 (Reuters) – Worldwide Financial Fund chief Kristalina Georgieva on Wednesday stated the regulation agency WilmerHale mischaracterized her actions whereas serving as CEO of the World Financial institution, and warranted her that her participation in its investigation was confidential.

In an in depth assertion to the IMF govt board, a replica of which was seen by Reuters, Georgieva rejected WilmerHale’s conclusion that she and different senior World Financial institution officers pressured employees to change knowledge to profit China and stated she had been instructed she was not a topic of the investigation.

She denied that she pressured World Financial institution employees to take any actions to vary China’s rating within the Doing Enterprise 2018 report, and rejected any hyperlink between the rating and a proposed World Financial institution capital enhance.

Reporting by Andrea Shalal and David Lawder
Modifying by Chris Reese

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