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IMF chief Kristalina Georgieva to maintain put up after board clears her of accusations

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The managing director of the International Monetary Fund, Kristalina Georgieva, received a vote of confidence from the IMF board on Monday after accused of having wrongly preferred China when she previously worked at the World Bank.

“After examining all the evidence presented, the Executive Board reiterates its full confidence in the executive director’s leadership and her ability to continue to perform her duties effectively,” said a statement from the IMF Executive Board. “The board trusts the executive director’s commitment to upholding the highest standards of governance and integrity in the IMF.”

The decision comes about a month after an independent investigation commissioned by the World Bank concluded that, as World Bank chief, she interfered in the “Doing Business 2018” report to inflate China’s ranking.

Georgieva, a Bulgarian economist, denies the allegations. Appearing before an IMF panel last week, she said the investigation “did not accurately reflect my character or the way I have behaved over a long professional career”.

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