IMF board to meet to discuss Georgieva's future

Source : 112 Ukraine

Georgieva vehemently denies the allegations that date back to 2017, when she was the executive director of the World Bank
16:36, 10 October 2021


The International Monetary Fund's executive board will meet again with Managing Director Kristalina Georgieva and the law firm that says she pressured World Bank staff to change data to benefit China while serving as the bank's CEO, according to sources familiar with the plan. This is reported by Reuters.

A decision on Georgieva's future at the global lender is not expected until Monday, at the earliest, as finance ministers and other senior officials from many of the IMF's 190 member countries gather in Washington for the annual IMF and World Bank fall meetings, said one of the sources.

The IMF's executive board debated the matter for five hours on Friday before adjourning and asking for more "clarifying details".

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The scandal threatens to overshadow the high-profile meetings, where officials plan to discuss the global economy, the ongoing COVID-19 pandemic and global taxation issues in discussions that will be held partly in person and online.

Georgieva has strongly denied the allegations, which date back to 2017, when she was the chief executive of the World Bank. Her lawyer claims that the investigation conducted by law firm WilmerHale violated World Bank staff rules in part by denying her an opportunity to respond to the accusations, an assertion WilmerHale disputes.

Georgieva and the WilmerHale attorneys will appear separately at Sunday's board meeting, said the sources, who spoke on condition of anonymity. No comment was immediately available from Georgieva or the firm.

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