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.
On Thursday , a cold atmospheric front will pass through the country. It will be rainy with thunders over the whole of Bulgaria. There are conditions for hail. The lowest temperatures will be between 7 and 12°; in Sofia – about 7°C...
Bulgaria will assist Ukraine in the process of rebuilding its energy infrastructure. This was announced after a meeting between Bulgaria’s Energy Minister Vladimir Malinov and Ukraine’s ambassador to Bulgaria Olesya Ilashchuk. “Deepening..
The Parliamentary Committee on Tourism has adopted at first reading the Bill for Amendments to the Foreigners in the Republic of Bulgaria Act, submitted by Manoil Manev and Temenuzhka Petkova from the GERB-SDS parliamentary group, which..
In 2021, the value added of the EU’s information and communication technology (ICT) sector was equivalent to 5.5% of the EU’s gross value added: 4.7%..
After 4 years of investigation, the Sofia City Prosecutor’s Office has submitted to court the indictment against former gambling mogul Vassil Bozhkov,..
On Wednesday minimum temperatures in the country will range from 7 to 12° C., for Sofia 9° C. During the day there will be sun, with clouds over the..
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