The executive board of the International Monetary Fund, IMF,reaffirmed its full confidence in IMF Managing Director Kristalina Georgieva, after conducting a review of the claims that she had pressured World Bank staff to tamper with data in favour of China while she was World Bank director.
US Treasury Secretary Janet Yellen warned Georgieva she would closely monitor the IMF's follow-up and evaluate any new facts or findings, and called for proactive steps to reinforce data integrity and credibility at the IMF.
“The Executive Board considered that the information presented in the course of its review did not conclusively demonstrate that the Managing Director played an improper role regarding the Doing Business 2018 Report when she was CEO of the World Bank,” the statement by the IMF Executive Board reads.
“Trust and integrity are the cornerstones of the multinational organizations that I have faithfully served for more than four decades.”, Kristalina Georgieva commented after the decision. She stated that “the episode had been difficult for her personally” adding she was grateful the IMF board had expressed confidence in her leadership.
''If the Constitution is not amended, there is no point in holding another election under the same rules and with the same bought, controlled and corporate vote'', the co-chairman of the parliamentary group of BSP-United Left Borislav Gutsanov said in..
The first sitting of the newly elected National Assembly has ended. As in the last three Bulgarian parliaments, the election of a speaker proved to be a serious challenge, as neither of the two candidates - Raya Nazarian of GERB-SDS and Andrei Tsekov of..
The residents of the Bulgarian-populated region of Taraclia and the Gagauz Autonomous Area in the Republic of Moldova voted over 90% "no" in the October 20, 2024, referendum, where Moldovan citizens were asked if they approved Constitutional amendments..
Mostly Cloudy
Partly Cloudy