Yellen Tells IMF’s Georgieva Data-Rigging Probe Raised ‘Legitimate’ Concerns: Treasury

WASHINGTON—U.S. Treasury Secretary Janet Yellen told International Monetary Fund Managing Director Kristalina Georgieva on Monday that a law firm’s report into World Bank data-rigging allegations against the IMF chief “raised legitimate issues and concerns” but a lack of direct evidence meant a leadership change was unwarranted. Yellen said in the statement that “proactive steps must be taken to reinforce data integrity and credibility at the IMF,” and Georgieva and other Fund leaders must renew their commitment to upholding transparency in research, analysis, and policies. The call came after the IMF executive board on Monday reaffirmed its full confidence in Georgieva’s leadership of the Fund after a lengthy review of a World Bank external investigation report. The report by law firm WilmerHale alleged that when Georgieva was World Bank CEO in 2017, she pressured bank staff to alter data to boost China’s score in the flagship “Doing Business” report. The firm’s …

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