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IMF executive board meets with embattled managing director Kristalina Georgieva, future uncertain

The executive board has not reached a decision and is committed to a thorough, objective, and timely investigation, IMF spokesman Gerry Rice said in a statement. 

The executive board of the International Monetary Fund (IMF) on Wednesday met with the embattled managing director of the Fund Kristalina Georgieva as part of an ongoing investigation into findings that she helped boost China’s ranking in the World Bank’s Doing Business 2018 Report. 

The executive board has not reached a decision and is committed to a thorough, objective, and timely investigation, IMF spokesman Gerry Rice said in a statement. 

“The IMF Executive Board met today with IMF Managing Director Kristalina Georgieva as part of its ongoing review of the matter raised by WilmerHale’s investigation of the World Bank’s Doing Business 2018 report,” Rice wrote. “The Executive Board had previously met with the representatives of WilmerHale on this matter. The Executive Board remains committed to a thorough, objective, and timely review and expects to meet again soon for further discussion.”

Georgieva released a statement about two weeks ago, denying any wrong doing and asserting that the review will vindicate her. 

Since the allegations were made, many top economists, including those who worked for the World Bank have issued statement in support of the Bulgarian economist.

It is not clear at the moment whether she would keep her job or not. 

Chief White House Correspondent for

Simon Ateba is Chief White House Correspondent for Today News Africa. Simon covers President Joe Biden, Vice President Kamala Harris, the U.S. government, the United Nations, the International Monetary Fund, the World Bank and other financial and international institutions in Washington D.C. and New York City.

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