October 25, 2021


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The IMF retains the Managing Director

Bulgarian Cristalina Georgieva retained her position as managing director of the International Monetary Fund (IMF) and received the support of the company’s board of directors, but this week’s hearing was very frustrating.

Question to put MMe Georgieva, 68, has been asked to head the International Monetary Fund (IMF) since the results were released on September 16 by Wilmerhail, a law firm at the request of the World Bank’s ethics committee. The leader was accused of handling a statement in favor of China. She always denies the facts.

“The Board of Directors considers that the information provided during its review did not conclusively prove that the CEO played an inappropriate role during the report. Business 2018 When he was the Managing Director of the World BankAccording to the IMF press release.

“After examining all the evidence submitted, the Board of Management reaffirms its full confidence in the capabilities of the Chairman and the Director General.”, Add text.

Read more The IMF director was accused of putting pressure on China

“Chapter Difficulty”

The announcement comes as the IMF and the World Bank began their fall meetings on Monday in the wake of their integrity issue. Governing bodies add that they have confidence “In Engagement” MMe Georgieva “Maintaining Excellent Governance and Quality of Honor in the IMF”.

However, the board of directors plans to meet in the future. “To study additional measures to ensure stability” Of the company in terms of integrity.

For his part, Ms.Me Georgieva pointed out that this was the case “A tough chapter on a personal level” When reaffirming the facts “Unsubstantiated”.

As the International Monetary Fund meets this week, I am proud to lead a talented team working tirelessly to tackle the world’s biggest challenges, from the fight against Covit-19 to the fight against climate change and the fight against economic inequality., She also reacted.

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European support in the face of US reluctance

The issue has deeply divided the 24 members of the International Monetary Fund’s board of directors. France, the United Kingdom and Europe have widely expressed their support for the Lord.Me Georgia, the United States was reluctant to keep her in office.

So it was only at the end of about four weeks of negotiations that the US rallied with the Europeans it wantedMe Georgieva. The IMF said it had conducted a study “Absolutely” And “Target” This case, encountered a total of eight times.

In a meeting with the Council, Mr.Me Georgie lamented “Mistakes and Misconceptions Made by the Authors of the Report”. At the same time, it received the support of former World Bank officials and eminent economists, including Nobel laureate Joseph Stiglitz.

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For its part, the U.S. Treasury threw in the towel, emphasizing the importance of being “Complete and Fair Report on All Facts”. “Our primary responsibility is to safeguard the integrity of international financial institutions.”, Explained a spokeswoman Alexandra Lamanna.

Ms. Georgieva took over as Chairman of the Fund on October 1, 2019, Replacing Frenchman Christine Lagarde, who was appointed to the European Central Bank. He was then the only candidate for the post.

According to the category of roles derived from the creation of the Bretton Woods companies, these funds have traditionally been led by a European, while the World Bank is in the hands of an American, currently David Malpas. In 2019, IMF officials had to change the laws to recognize the appointment of Ms. Georgieva, who exceeded the age limit.

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World with AFP