The IMF decides to keep its boss
But not everyone is happy
IT TOOK 24 days and seven bureaucratic steps to start a business in Beijing, according to the World Bank’s report on the ease of doing business in 2017. But an investigation released last month concluded that the bank’s leaders, including Kristalina Georgieva, its former second-in-command, had pressed staff into doctoring the report to flatter China. The allegations left Ms Georgieva fighting to save her current job as head of the IMF. On October 11th the fund’s board finally decided her fate. The evidence, it said, “did not conclusively demonstrate” that Ms Georgieva “played an improper role”. It had taken almost 26 days and eight meetings for the board to finish its business. But at the end of it all, she could keep her job.
This article appeared in the Finance & economics section of the print edition under the headline “The International Monetary Bank”
Finance & economics October 16th 2021
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