{"id":122570,"date":"2021-10-07T23:33:56","date_gmt":"2021-10-07T23:33:56","guid":{"rendered":"https:\/\/fin2me.com\/?p=122570"},"modified":"2021-10-07T23:33:56","modified_gmt":"2021-10-07T23:33:56","slug":"imf-chief-georgievas-lawyer-claims-data-probe-violated-world-bank-staff-rules","status":"publish","type":"post","link":"https:\/\/fin2me.com\/business\/imf-chief-georgievas-lawyer-claims-data-probe-violated-world-bank-staff-rules\/","title":{"rendered":"IMF chief Georgieva's lawyer claims data probe violated World Bank staff rules"},"content":{"rendered":"

WASHINGTON (Reuters) – Lawyers who investigated World Bank data-rigging allegations against IMF Managing Director Kristalina Georgieva violated World Bank staff rules by failing to notify her that she was a subject of the probe and by not allowing her to respond to its findings, Georgieva\u2019s attorney said.<\/p>

FILE PHOTO: International Monetary Fund (IMF) Managing Director Kristalina Georgieva speaks during a joint news conference at the end of the Summit on the Financing of African Economies in Paris, France May 18, 2021. Ludovic Marin\/Pool via REUTERS\/File Photo<\/figcaption>

In a letter to the International Monetary Fund Executive Board released on Thursday, Covington & Burling attorney Lanny Breuer asked directors to consider \u201cfundamental procedural and substantive errors\u201d with the investigation report by WilmerHale, a law firm hired by the World Bank\u2019s board to investigate data irregularities in the lender\u2019s flagship \u201cDoing Business\u201d rankings of country business climates.<\/p>\n

The WilmerHale report alleged that while Georgieva was World Bank CEO in 2017, she applied \u201cundue pressure\u201d on World Bank staff to make data changes that boosted China\u2019s ranking at a time when the bank was seeking Beijing\u2019s support for a major capital increase. Georgieva has denied the allegations.<\/p>\n

The new claims from Breuer, a former U.S. Justice Department official and special counsel to former President Bill Clinton during his 1999 impeachment trial, come as Georgieva tries to persuade the IMF board to support her.<\/p>\n

The board interviewed both Georgieva and WilmerHale this week and will deliberate again on the matter on Friday.<\/p>\n

Georgieva on Wednesday called the accusations that she pressured staff to make inappropriate data changes \u201coutrageous and untrue\u201d and said some of her statements were taken out of context by WilmerHale. She publicly released her lengthy statement to the board on Thursday.<\/p>\n

\u201cMs Georgieva has never been notified that she is a subject of the investigation, or been given an opportunity, as guaranteed by Staff Rule 3.00 to review and respond to the report\u2019s findings,\u201d wrote Breuer, her attorney.<\/p>\n

The rule covers the World Bank Office of Ethics and Business Conduct procedures.<\/p>\n

The WilmerHale report said the initial part of its investigation focused on board officials pursuant to the Code of Conduct for Board Officials, a different set of rules than the staff rule referenced by Breuer, adding that the probe \u201cwas conducted pursuant to applicable staff rules and directives\u201d.<\/p>\n

A spokesperson for the firm did not immediately respond to a query from Reuters.<\/p>\n

The World Bank\u2019s General Counsel\u2019s office said in an emailed statement: \u201cThe investigation into the Doing Business 2018 and 2020 reports was conducted in full compliance with World Bank rules.\u201d<\/p>\n

Source: Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

WASHINGTON (Reuters) – Lawyers who investigated World Bank data-rigging allegations against IMF Managing Director Kristalina Georgieva violated World Bank staff rules by failing to notify […]<\/p>\n","protected":false},"author":3,"featured_media":122569,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"yoast_head":"\nIMF chief Georgieva's lawyer claims data probe violated World Bank staff rules - Fin2me<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/fin2me.com\/business\/imf-chief-georgievas-lawyer-claims-data-probe-violated-world-bank-staff-rules\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"IMF chief Georgieva's lawyer claims data probe violated World Bank staff rules - 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