News Snapshot:
World Bank-commissioned report found that Georgieva and other senior World Bank officials applied “undue pressure” on staff to boost China’s ranking in its ‘Doing Business’ series. International Monetary Fund chief Kristalina Georgieva on Friday denied allegations that she pressured World Bank staff to alter data to favor China during her time as World Bank CEO, as the IMF’s executive board launched a formal review of the matter. Georgieva used a previously scheduled meeting with the IMF’s 2,700-strong staff to address findings contained in an independent report issued on Thursday on data irregularities in the World Bank’s now-canceled “Doing Business” rankings...
