IMF to decide whether its MD keeps her job

IMF's managing director Kristalina Georgieva's continuance is uncertain. An investigation has found her manupulating data in favor of China while in a senior role at the World Bank. A law firm had conducted the probe against her. The International Monetary Fund ( IMF )Executive Board said after a meeting Friday that it has made "significant progress" in its assessment of the case but agreed "to request more clarifying details with a view to very soon concluding its consideration of the matter." On Thursday Georgieva said she hoped for an "expeditious resolution" of the case.

The IMF Executive Board is reviewing last month's investigation by the law firm WilmerHale that found that during her time as World Bank CEO, Georgieva was among top officials who pressured staff into changing data to China's benefit in the 2018 edition of its closely watched Doing Business report. The law firm found that Georgieva along with her associate Simeon Djankov, a former Bulgarian finance minister who created the report, and Jim Yong Kim, then-president of the bank, pressured staff to change the calculation of China's ranking to avoid angering Beijing.

The push came while bank leadership was engaged in sensitive negotiations with Beijing over increasing the bank's lending capital. She has repeatedly denied the report's conclusions, and on Thursday released a letter from her attorney to the board objecting to WilmerHale's findings, as well as her 12-page testimony to the 24 board members.