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IMF Expresses ‘Full Confidence’ in Kristalina Georgieva Leadership: CNBC

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IMF Expresses ‘Full Confidence’ in Kristalina Georgieva Leadership: CNBC
International Monetary Fund Managing Director Kristalina Georgieva speaks at a press conference in Washington D.C., on March 4, 2020. Liu Jie | Xinhua | Getty Images Courtesy of CNBC.

The International Monetary Fund decided to keep Kristalina Georgieva as its managing director despite accusations she influenced a report to favor China while at the World Bank.

The IMF Executive Board held a meeting Monday to review allegations that Georgieva had pressured staff to help improve China’s rankings in the World Bank’s “Doing Business” rankings.

“Having looked at all the evidence presented, the Executive Board reaffirms its full confidence in the Managing Director’s leadership and ability to continue to effectively carry out her duties,” the IMF said in a statement following its review.

The fund said information presented during the review “did not conclusively demonstrate that the Managing Director played an improper role.”

Separately, Treasury Secretary Janet Yellen said in a statement that without “further direct evidence with regard to the role of the Managing Director there is not a basis for a change in IMF leadership.”

Georgieva has been the IMF’s boss since Oct. 2019.

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