Podcast in English
Text size
Bulgarian National Radio © 2025 All Rights Reserved

IMF Chief Kristalina Georgieva faces serious accusations

Kristalina Georgieva
Photo: BGNES

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.



Последвайте ни и в Google News Showcase, за да научите най-важното от деня!
Listen to the daily news from Bulgaria presented in "Bulgaria Today" podcast, available in Spotify.

More from category

Scorching Friday with temperatures reaching up to 38 degrees

It will be sunny and hot on Friday. Maximum temperatures will range between 33°C and 38°C, around 33°C in Sofia. It will also be sunny along the Black Sea coast. There will be a light to moderate easterly and southeasterly wind in the afternoon..

published on 7/3/25 6:35 PM
Daniel Mitov

Rising number of Moroccan nationals attempt illegal crossings into Bulgaria

Interior Minister Daniel Mitov told reporters that migrant pressure and attempts to cross the Bulgarian-Turkish border illegally are decreasing . He said that compared to 2023, attempts at illegal crossing had decreased by around 70%. The minister..

published on 7/3/25 5:46 PM

On 4 July, Parliament will vote on the third motion of no confidence.

The plenary debate on the third motion of no confidence against Rosen Zhelyazkov's government, proposed by the Revival party, has concluded . According to the National Assembly's rules, the vote must take place at least 24 hours after the debates end...

published on 7/3/25 4:15 PM