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.
The Embassy of Bulgaria in USA hosted a Fulbright alumni reception . For over three decades, the Fulbright P rogram has played a pivotal role in fostering educational and cultural ties between Bulgaria and the United States. ''Thanks to the..
The National Assembly rejected the no-confidence motion against the cabinet of Prime Minister Rosen Zhelyazkov. This was the fourth motion of no confidence against the government, this time citing ''failure in the environment and water sector''. 83 MPs..
Bulgaria's Ministry of Foreign Affairs issued a statement following the summoning of the Bulgarian ambassador to North Macedonia’s Ministry of Foreign Affairs in Skopje. Skopje lodged an official protest with Ambassador Zhelyazko Radukov, as the..
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From 1 January 2026, Bulgaria will join the Eurozone , and the lev and stotinki will become a thing of the past. While the new currency will have a..
Two helicopters from the Bulgarian Air Force are participating today in the firefighting operations in the Rila Monastery area . A Mi-17 helicopter with a..
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