(Last Updated On: October 13, 2021)

The IMF executive board cleared Ms Georgieva, managing director of funds, of wrongdoing in a World Bank data manipulation scandal that occurred while she was serving as CEO.

International Monetary Fund Director Kristalina Georgieva said Tuesday that the International Monetary Fund director expressed her full confidence in her leadership, and that on Monday she cleared Georgieva, managing director of funds, of wrongdoing at a World Bank.

data manipulation scandal that occurred while she was serving as CEO of the multilateral development bank. “We have difficult problems to grapple with and we need the strong position of the institution to serve the members,” Georgieva told Reuters in an interview.

Kristalina Georgieva

Georgieva, a Bulgarian economist and the first person from a developing country to head the global crisis lender, said she plans to meet with IMF staff on Monday after the first week of the IMF-World Bank annual meetings.

she said, underscoring her concern that the growing divergence between the economic performance of advanced economies and developing economies could jeopardize the global recovery from the COVID-19 pandemic.

When asked if the IMF’s credibility had been harmed by the saga, Georgieva said that the alleged data manipulation had taken place on a specific World Bank product, the Doing Business flagship reports, which had faced criticism in last.

Kristalina Georgieva

She said she had “complete confidence” in the integrity of the IMF data. “I believe we will be judged on the totality of our work,” he said, adding that the response to the World Economic Outlook funds on Tuesday and its commitments to civil society organizations and government officials reflect a continuing decades of trust foundation “in the IMF.

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