IMF chief Georgieva says data-rigging scandal won't hamper IMF-World Bank cooperation

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WASHINGTON: International Monetary Fund chief Kristalina Georgieva on Wednesday (Oct 13) distanced herself and the fund from a data-rigging scandal involving her former employer, the World Bank, but said she did not expect the saga to hamper decades of close collaboration between the two institutions. Geor

WASHINGTON: International Monetary Fund chief Kristalina Georgieva on Wednesday distanced herself and the fund from a data-rigging scandal involving her former employer, the World Bank, but said she did not expect the saga to hamper decades of close collaboration between the two institutions.

Georgieva vehemently denied the accusations, and she and her lawyer faulted WilmerHale for not telling her she was a subject of the probe. Georgieva, a longtime World Bank official, on Tuesday insisted in an interview with Reuters that the data issues were limited to the bank's controversial Doing Business series, and had nothing to do with the work of the fund.

"I love the bank, and I love the fund," she said, adding,"This is a twin institutional setup that has delivered for the members ... We have major, major challenges, where our institutions are best at addressing and working together."

 

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