IMF Managing Director Kristalina Georgieva has been asked to provide explanations by her former employer, the World Bank, over putting pressure on staff to inflate data on China.
According to an independent report by law firm WilmerHale commissioned by the World Bank, executives including the Bulgarian exerted pressure to raise the rating of the Chinese economy in the Doing Business ranking of 2018. That is how, instead of 85th, China ranked 78th.
The investigation also points to manipulations regarding Saudi Arabia's rating last year. The same report also claims that former Finance Minister Simeon Djankov played a key role in the scandals as an adviser. Kristalina Georgieva commented that she did not agree with the findings. She is expected to provide explanations about the World Bank report at an IMF meeting today.
Clouds will temporarily break by midnight. Sunny weather will prevail across most of the country on Monday before midday. Around and after noon, clouds will develop again. There will be brief showers of rain accompanied by thunder in places, more..
I nterior Minister Kalin Stoyanov and Prime Minister Dimitar Glavchev today visited the heavily fire-affected village of Voden and expressed their gratitude to the Turkish firefighters who took part in fighting the wildfires in Yambol region . They,..
A fire has started in Greece a kilometre and a half from the Bulgarian border and is slowly moving towards it. The fire is located in an extremely inaccessible area. On the Greek side, two helicopters and one aircraft are extinguishing the fire...
The efforts to contain the wildfires in the border municipality of Bolyarovo continue. The partial state of emergency continues to be in place in 7..
On Sunday a cold front will sweep across the country from West to East. There will be clouds and, in the afternoon, brief showers, thunderstorms and..
“For us this election has to be the last for the coming years. No more compromises with the people, with society or with the political system should..
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