Georgieva says examining all IMF research processes to ensure integrity


The changes came on the heels of an independent report commissioned by the World Bank, which claimed Georgieva, then the CEO of the World Bank, and other senior officials had pressured World Bank staff to alter data to favor China.

WASHINGTON: The International Monetary Fund is looking at all of its research processes in order to ensure the Fund's data integrity in the wake of a data-rigging scandal at the World Bank, Managing Director Kristalina Georgieva said.

Among the issues being examined is whether the IMF's growth projections for countries with IMF loan programs are too optimistic, Georgieva told the Reuters Next conference.

"Is there something more that can be done, and we are looking at all the processes -- are they sufficiently up to date with what others are doing?" Georgieva said on Friday, adding that in a difficult year ahead, "the Fund has to be the best it can be for the membership."

Save 30% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 9.73/month

Billed as RM 9.73 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 8.63/month

Billed as RM 103.60 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
IMF , Kristalina Georgieva , pressure , staff , alter , China , data ,

Next In Business News

YTL’s Francis Yeoh, Eu Yan Sang’s Anne Eu receive lifetime achievement awards in London
Doubts over Viet reform drive
Leadership exodus tests Malaysia’s digital banks
Capitalising on the tourism momentum
South African beauty market gets makeover
Navigating Fed uncertainty
Indonesia MSCI alert sends ripples to Malaysia
Chinese tea chains pour into US
Blazing a trail for fire safety
Bond buys fall flat

Others Also Read