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IMF board to debate chief's future

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Georgieva’s future in the balance over her alleged role in a World Bank data-rigging scandal, as some European governments are expected to back her

International Monetary Fund MD Kristalina Georgieva. Picture: REUTERS/REMO CASILLI

The IMF board is reviewing the claims and this week conducted hours-long interviews of both Georgieva and lawyers from WilmerHale, the firm hired by the World Bank’s board to investigate data irregularities associated with the Doing Business report. Another European finance ministry source said that Georgieva had support from a number of European governments, as no senior officials had publicly stated otherwise.The IMF chief has traditionally been chosen by European governments, with the US administration nominating the World Bank’s president.

The US Treasury has “pushed for a thorough and fair accounting of all the facts” in the ongoing review, said Treasury spokesperson Alexandra LaManna. “Our primary responsibility is to uphold the integrity of international financial institutions.”The IMF board deliberations come as the Fund prepares for its biggest policy event next week, the IMF and World Bank annual meetings in Washington.

 

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