An attorney hired by Georgieva asked for the meeting in a 17-page letter on Friday to the dean of the bank's board.
That report, expected in about two months, will go to the bank's human resources department, not the board. WilmerHale did not respond to requests for comment on the Debevoise letter. Earlier this month, the firm said its report followed all applicable World Bank rules, and Georgieva had been told the World Bank could disclose any information she provided.Debevoise is a former member of the World Bank's board. His retention, together with Georgieva's demand the World Bank board hear her story, could feed a widening rift between the IMF chief and World Bank officials.
The World Bank board had been scheduled to meet informally on Monday, but canceled the gathering after Georgieva's public relations firm sent Debevoise's letter and other materials to board members. The board will reconvene when all stages of the staff investigation are complete, the sources said.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
EXCLUSIVE World Bank denies IMF chief's bid for meeting to defend herselfThe World Bank's board has turned down a request by IMF Managing Director Kristalina Georgieva for a meeting to defend herself against claims that she pressured staff to alter data as the bank's CEO in 2017, according to two sources briefed on the situation.
Source: Reuters - 🏆 2. / 97 Read more »
Italy, UniCredit break off talks on ailing Italian bankItaly’s economy ministry and UniCredit bank on Sunday announced that they are breaking off talks regarding a deal for a long-ailing Italian bank, Monte dei...
Source: MarketWatch - 🏆 3. / 97 Read more »
Bank of America names 13 stocks set to benefit from the supply chain crisisNew for subscribers: Bank of America names 13 stocks set to benefit from the supply chain crisis. Check out CNBCPro today. Pro Pro good luck Pro 'supply chain crisis' = World War China
Source: CNBC - 🏆 12. / 72 Read more »
Israel to build over 1,300 new W.Bank settler homesIsrael on Sunday announced plans to build more residences for Jewish settlers in the occupied West Bank, drawing immediate condemnation from Palestinians, peace activists and neighbouring Jordan. Time to eliminate the insidious Israeli threat to world peace once and for all times.
Source: YahooNews - 🏆 380. / 59 Read more »
Investors 'play chicken' with Bank of Canada as inflation soarsCanada's hot inflation and recovering job market are raising pressure on the Bank of Canada to hike interest rates ahead of schedule, with investors looking to a policy announcement this week for clues that the central bank is turning more hawkish.
Source: Reuters - 🏆 2. / 97 Read more »
Nigeria launches its central bank digital currency eNairaNigerian President Muhammadu Buhari expects the digital currency to foster economic growth and increase the GDP of Africa's biggest economy by $29 billion over the next 10 years Is this crypto currency? Click to buy:
Source: trtworld - 🏆 101. / 63 Read more »