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.
During the night, precipitation will decrease and temporarily stop in Western Bulgaria. Light to moderate winds will blow. Minimum temperatures will be between -4°C and 1°C, with Sofia around -4°C. Tomorrow will be mostly cloudy, with snowfall..
The 40th anniversary of protests by Bulgarian Turks against the so-called "revival process" (a forced assimilation campaign during communism in which people of Turkish descent were ordered to change their names and adopt Bulgarian ones - ed) was..
As Bulgaria marks Father's Day, the Shared Parenting Foundation is organising a protest calling for legal changes to ensure that children of separated parents are raised with the care of both parents. The event will be held under the slogan 'No to..
Bulgaria mourns the loss of life in the crash of the passenger plane of the Azerbaijani airlines in Kazakhstan . This was written by Bulgaria's President..
Bulgarians have set aside between 25 and 150 euros to surprise their loved ones with Christmas gifts, a BNT survey shows. Clothes and electronics are..
On Thursday the weather will be cloudy. Precipitation will continue and will be significant in Central Northern Bulgaria, where snow will fall. Snow..
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