Al Mayadeen English

  • Ar
  • Es
  • x
Al Mayadeen English

Slogan

  • News
    • Politics
    • Economy
    • Sports
    • Arts&Culture
    • Health
    • Miscellaneous
    • Technology
    • Environment
  • Articles
    • Opinion
    • Analysis
    • Blog
    • Features
  • Videos
    • NewsFeed
    • Video Features
    • Explainers
    • TV
    • Digital Series
  • Infographs
  • In Pictures
  • • LIVE
News
  • Politics
  • Economy
  • Sports
  • Arts&Culture
  • Health
  • Miscellaneous
  • Technology
  • Environment
Articles
  • Opinion
  • Analysis
  • Blog
  • Features
Videos
  • NewsFeed
  • Video Features
  • Explainers
  • TV
  • Digital Series
Infographs
In Pictures
  • Africa
  • Asia
  • Asia-Pacific
  • Europe
  • Latin America
  • MENA
  • Palestine
  • US & Canada
BREAKING
Al Mayadeen's correspondent: The Lebanese Army is continuing its investigations and will later announce any information that does not affect the confidentiality of the investigation
Al Mayadeen's correspondent: It has not yet been determined whether the detainees belong to ISIS or another organization
Al Mayadeen's correspondent: Around 10 people of different nationalities, including Lebanese nationals, were detained
Al Mayadeen's correspondent: The Lebanese army arrested a number of people in the Matn area of Mount Lebanon with possession it has not disclosed
Gaza Civil Defense spokesman: We have strong indications that there are martyrs, injuries, and trapped people in the Salah al-Din area
Gaza Civil Defense spokesman: Citizens should avoid Salah al-Din Street because anyone who approaches it is at risk of being directly targeted
Gaza Civil Defense spokesman: Reality is that there is a very limited retreat of the vehicles, with the occupation forces providing cover undeer fire up to Salah al-Din Street
Gaza Civil Defense spokesman: Claims that the Israeli occupation has withdrawn from areas in the neighborhoods of al-Zaytoun, al-Tuffah, and al-Shujaiya are false
Hamas: The two delegations stressed that any negotiations must lead to the achievement of our people's goals and aspirations, foremost among which is ending the war and the complete withdrawal of enemy forces
Hamas: A delegation from the Hamas leadership, led by the head of the leadership council, Mohammad Darwish, met with an Islamic Jihad delegation, headed by its Secretary-General, Ziyad al-Nakhalah

IMF's Georgieva in Hot Waters Over Data Manipulation Accusations

  • By Al Mayadeen Net
  • Source: Agencies
  • 10 Oct 2021 11:51
3 Min Read

The International Monetary Fund's Board of Directors meets today to debate the fate of the Fund's Director-General, who is accused of rigging statistics in a report in favor of China.

  • x
  • Kristalina Georgieva
    Kristalina Georgieva

On Sunday, the International Monetary Fund's (IMF) Board of Directors is due to meet with representatives from the Wilmer Hale law firm. The firm had published an investigation revealing that the Fund's Director-General, Kristalina Georgieva, manipulated data in a report for the benefit of China while she was the executive director of the World Bank, as announced by a source familiar with the issue yesterday.

After Friday’s meeting, the IMF announced that notable progress had been made in its assessment of the issue, but it agreed to request more clarification details to reach a conclusion in the near future, according to a spokesperson. 

The Council met three times this week, on Wednesday and Friday, and again on Saturday, to discuss the fate of the Director-General of the IMF, who is accused of involvement in irregularities in the drafting of the Doing Business report issued by the World Bank for the years 2018 and 2020.

The United States preferred to remain silent

Related News

World Bank projects modest economic growth for Syria in 2025

World Bank passes $250M project for Lebanon's post-war reconstruction

The report's authors accused Georgieva of pressuring staff when she was the World Bank's executive director to rank China in a better category. A source close to the file, asking not to be named, said on Friday that Georgieva has received the support of France and member states of the European Union.

On the other hand, the United States, an important member of the IMF, has not yet announced its position and seemed reluctant to give its consent, according to two sources familiar with the matter.

Time is running out to settle this issue at a time when the IMF and the World Bank begin their two meetings in autumn. 

Georgieva, 68, remaining in her position as the head of the IMF became an issue following Wilmer Hale's mid-September investigation that was conducted at the request of the Ethics and Business Conduct Department. An economist of Bulgarian origin, Georgieva categorically denies the allegations attributed to her.

Georgieva for a quick settlement

During Friday's hearing before the board of directors of the IMF, Georgieva referred to inaccuracies and false assumptions made by the authors of the report. She said the investigation does not accurately describe her actions in relation to the 2018 Doing Business report.

She wished for a quick settlement that would preserve the strength of multilateral institutions, noting that these institutions had major tasks to be accomplished in light of an unprecedented crisis at the moment. The Doing Business report was suspended immediately after Wilmer Hill's findings were published.

Georgieva assumed the position of Managing Director of the IMF on October 1, 2019, succeeding Christine Lagarde, who was appointed as the head of the European Central Bank.

 

  • World Bank
  • IMF

Most Read

Hezbollah SG reveals war details on Al Mayadeen for the first time

Hezbollah SG reveals war details on Al Mayadeen for the first time

  • Politics
  • 8 Jul 2025
Major ambush in Gaza kills 6 Israeli troops, injures dozens

Major ambush in Gaza kills 5 Israeli troops, injures 14

  • Politics
  • 8 Jul 2025
Israeli soldiers are seen in Beit Hanoun ahead of an operation by the al-Qassam Brigades, undated (Al-Qassam Brigades Military Media)

'Israel' on blast as media exposes report discrepancies in Gaza ambush

  • Palestine
  • 8 Jul 2025
Yemen Navy sinks ETERNITY C ship, shares footage of operation

Yemen Navy sinks ETERNITY C ship, shares footage of operation

  • Politics
  • 9 Jul 2025

Coverage

All
The Ummah's Martyrs

Read Next

All
The Freedom Flotilla ship Handala as it departs for Gaza, where it aims to break the maritime blockade at a port in Syracuse, Sicily in southern Italy on July 13, 2025. (AFP)
Palestine

Freedom Flotilla's Handala departs Sicily in bid to break Gaza siege

The container ship CMA CGM Laperouse, left, docks at the Georgia Ports Authority's Port of Savannah, Sept. 29, 2021, in Savannah, Ga (AP)
Politics

US shipbuilding woes deepen as tariffs, outdated policies backfire

Gaza war raises ethical questions for ex-Obama, Biden officials
Politics

Mercenary firm tied to Gaza war crimes hires Obama-Biden PR operatives

'Israel' targets children in Gaza collecting water
Palestine

'Israel' strikes Gaza kids fetching water, blames it on 'malfunction'

Al Mayadeen English

Al Mayadeen is an Arab Independent Media Satellite Channel.

All Rights Reserved

  • x
  • Privacy Policy
  • About Us
  • Contact Us
  • Authors
Android
iOS