The case is targeting the director of the IMF. In an editorial, the magazine The Economist He requested his resignation, as the case compromises the IMF’s ability to act as custodian of the world’s macroeconomic statistics.
“The head of the IMF is in charge of the whistle as two of its largest shareholders, the United States and China, face off in a new era of geopolitical rivalry,” said The Economist. “The next time the IMF tries to arbitrate a currency dispute, or helps to reschedule the debt of a country that has borrowed from China, critics of the Fund will surely cite this investigation to undermine the institution’s credibility.”
Faced with these criticisms, Georgieva criticized the allegations and the investigation by the law firm WilmerHale, in a detailed statement to the executive board of the International Monetary Fund, which is reviewing the matter. The board said the audit contained “fundamental errors” and accused the office of former bank chairman Jim Kong Kim of manipulation, saying he had proposed including Hong Kong data in China’s ranking in the World Bank’s 2018 Doing Business report. to improve the position of the world’s second largest economy.