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The IMF board is expected to decide on Monday the fate of Managing Director Georgieva.

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WASHINGTON – The International Monetary Fund’s executive board met on Sunday with managing director Kristalina Georgieva and the law firm who claims she pressured World Bank staff to change the data to favor China in their previous work, sources familiar with the said. the case.

The 24-member board plans to meet again on Monday to decide Georgieva’s future at the helm of the global lender, just as top officials from many of its 190 member countries arrive at the fall meetings of the IMF and World Bank in Washington, they said. the sources. who spoke on condition of anonymity.

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The IMF executive board debated the matter for five hours https://www.reuters.com/business/imf-board-debate-georgievas-future-with-some-backing-europe-sources-2021-10-08 on Friday above postpone and schedule separate meetings on Sunday https://www.reuters.com/business/exclusive-imf-board-meet-sunday-more-talks-georgievas-future-2021-10-09 with Georgieva and attorneys at law WilmerHale signature. Those meetings lasted until the hours of Sunday afternoon.

The scandal threatens to overshadow high-profile gatherings, where Georgieva, World Bank President David Malpass, and other top officials plan to discuss the global economy, the ongoing COVID-19 pandemic, and international taxes.

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Georgieva has flatly denied https://www.skdknick.com/wp-content/uploads/2021/10/2021.10.06-Statement-of-Kristalina-Georgieva-to-IMF-Executive-Board.pdf the allegations, whose date to 2017, when she was CEO of the World Bank.

WilmerHale Research Report prepared for the World Bank Board https://thedocs.worldbank.org/en/doc/84a922cc9273b7b120d49ad3b9e9d3f9-0090012021/original/DB-Investigation-Findings-and-Report-to-the-Board-of- Executive-Directors -September-15-2021.pdf alleged that Georgieva applied “undue pressure” on the bank’s staff at the time to make changes to the data to boost China’s ranking in the flagship “Doing Business” report, just as the bank was seeking Beijing’s support for a major capital increase.

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Georgieva’s attorney says https://www.reuters.com/business/imf-chief-georgievas-lawyer-claims-data-probe-violated-world-bank-staff-rules-2021-10-07 WilmerHale’s investigation he violated the World Bank’s governing staff in part by denying him the opportunity to respond to the allegations, a claim the law firm disputes.

Georgieva or the law firm did not immediately comment on Sunday’s meetings.

France and other European governments on Friday supported the Bulgarian economist to complete her term as head of the IMF, while US officials and others sought more time to study the different accounts of data irregularities in the flagship report “Doing Business Now”. canceled from the World Bank.

The Financial Times reported Sunday that the United States and Japan want Georgieva to leave the job, without citing any specific source.

The US Treasury, which controls 16.5% of IMF shares, declined to comment on the FT report. No comment was immediately available from the Japanese embassy in Washington. (Reporting by Andrea Shalal, editing by Ross Colvin and Diane Craft)

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