Kristalina Georgieva was accused Thursday in an official report of having applied “undue pressure” to boost China’s rankings in World Bank report.
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World Bank officials pressured staff to boost China rankings, inquiry finds
The lender said it would discontinue its annual report on business climates after an investigation raised “ethical matters” over how it was prepared.
World Bank to discontinue ‘Doing Business’ report after China-linked probe
The decision was taken after a probe of data irregularities allegedly due to pressure by some top bank officials to boost China’s ranking in 2017 came to light …
US money printing to fund deficit poses major risk for 2021, says ex-China central bank official
Global inflation, asset bubbles and other consequences of modern monetary theory will be major issues for next year, says Zhou Xiaochuan, an ex-governor of China’s central bank.
IMF chief called out over pressure to favor China while at World Bank
World Bank leaders, including then-Chief Executive Kristalina Georgieva, applied “undue pressure” on staff to boost China’s ranking in the bank’s “Doing Business 2018” report, according to an …
IMF Chief Risks Weakened Authority After China-Linked Probe
Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast.Kristalina Georgieva risks seeing her authority as head of the International Monetary Fund undermined …
China, Pakistan in rush to exploit weakening Afghan economy
China and Pakistan are in rush to exploit the Afghan economy as both have announced certain luring benefits for Afghanistan which will largely benefit the form …
IMF Chief Under Pressure, ECB Target, China Growth: Eco Day
Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast.Happy Friday, Europe. Here’s the latest news and analysis from Bloomberg Economics to take you through …
Evergrande is ‘too big to fail’, Natixis warns of rising systemic financial risks in China over time
Alicia Garcia-Herrero of Natixis says the Evergrande crisis could spill over to other developers and smaller banks in China.
With tighter grip, Beijing sends message to Hong Kong tycoons: fall in line
HONG KONG (Reuters) – As Beijing seeks to tighten its grip over Hong Kong, it has a new mandate for the city’s powerful property tycoons: pour resources and influence into backing Beijing’s interests, …
IMF chief accused of altering world bank report in China’s favour
World Bank leaders, including then-Chief Executive Kristalina Georgieva, applied “undue pressure” on staff to boost China’s ranking in the bank’s “Doing Business 2018” report, according to an …
IMF Chief Denies Altering World Bank Report To Avoid Angering China
IMF chief Kristalina Georgieva on Thursday disputed an independent investigation which found that in her previous job at the World Bank, she pressed staff to alter a report to avoid angering China.
China’s Evergrande to Let Angry Investors Bid on Discounted Properties
China Evergrande Group plans to let consumers and staff bid on discounted properties this month to repay them for billions in overdue investment products as the embattled developer seeks to preserve …
