The IMF Board has full confidence in Managing Director Georgieva

The IMF Board of Governors has expressed its full confidence in the current Managing Director Kristalina Georgieva, who has been on the news in recent days.

The Managing Director of the Bulgarian IMF has been accused of lobbying World Bank officials in favor of China during her time at the helm of the bank.

US Treasury Secretary Janet Yellen warned Georgieva that she would monitor the situation and any new evidence under investigation so that confidence in the IMF is not lost.

The decision of the Board is that from the evidence so far, it can not be categorically concluded that Georgieva has made mistakes in preparing the Doing Business 2018 rankings.

“Trust and honesty are the cornerstones of international organizations I have served for over 40 years,” said Kristalina Georgieva.

“This investigation affects me negatively on a personal level, but I unequivocally support the independence and honesty of financial institutions,” the Managing Director of the Bulgarian IMF concluded in her statement.

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