The International Monetary Fund’s (IMF) executive board on Oct. 11 said it has “full confidence” in Managing Director Kristalina Georgieva following an investigation into allegations that she applied “undue pressure” on staff to boost China’s standing in the bank’s “Doing Business 2018” report. A report (pdf), prepared by outside law firm WilmerHale at the request of the World Bank’s…
IMF Board Had ‘Full Confidence’ in Georgieva After Investigation Into China Data-Rigging Claims
October 12, 2021
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An Election, a Mine Deal, and China Loom Over Zambia’s IMF Talks
JOHANNESBURG—Zambia and the International Monetary Fund begin discussing a loan program and debt relief for Africa’s first pandemic-era sovereign default on Thursday, with a controversial mining deal, an election, and a mountain of debt to China looming over the talks. Several African nations are reeling under precarious debt burdens that worsened during the pandemic, and…
The IMF Is Digitizing Your Future and Finances
Sponsored Content There’s been plenty of chatter concerning the International Monetary Fund (IMF). These “discussions” range from criticisms to dystopian warnings. No matter what degree of negativity you may have received from these messages, they point to a common “endgame”—a Bretton Woods 2.0, a concept introduced by IMF Director Kristalina Georgiev in her article, “A…
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