Wednesday, May 29

IMF Top Woman Reportedly Questioned About Allegations

Tuesday will be an important day for top woman Kristalina Georgieva of the International Monetary Fund (IMF). She is reportedly being questioned today by other IMF executives about the allegations of unethical conduct against her.


Rumours have it that it remains to be seen whether the Bulgarian can stay on as head of the essential financial organization.

Georgieva was accused several years ago, when she was still working at the World Bank, of exerting pressure to make China perform better in a ranking for countries with an attractive business climate. During that period, the World Bank was also working on a capital increase for its own organization, in which China had to play a key role. Georgieva herself has vehemently denied the allegations. She would never have insisted on twisting facts.

The IMF has decided to investigate the matter thoroughly, Reuters news agency recently reported based on insiders. Several people involved would be questioned separately this week. So far, influential countries within the fund, including the United States, have not publicly drawn their conclusions. Bloomberg news agency recently reported that US Treasury Secretary Janet Yellen would no longer respond to calls from Georgieva.

For now, Georgieva is still the head of the IMF. In that capacity, she will also give an important speech on Tuesday. In it, she will talk about the state of the world economy. It may also say something about the IMF’s new economic estimates. They will be released next week when the IMF and World Bank also hold their annual fall meetings.

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