Washington, Oct 9: The International Monetary Fund says it needs more time to weigh its response to a law firm’s findings that the agency’s managing director was involved in data-rigging at the World Bank when she was a top official there.
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The fund’s executive board met Friday to consider the results of an investigation that found that in 2018, World Bank employees were pressured to alter data affecting its business-climate rankings of China and other nations. At the time, current IMF head Kristalina Georgieva was a top official at the World Bank.
The allegations of data-rigging come from a review conducted by the WilmerHale law firm that found Georgieva pressured the bank’s economists to improve China’s ranking at a time when she and other bank officials were attempting to persuade China to support a boost in the World Bank’s funding resources.
Georgieva has denied any wrongdoing amid calls that she should resign from her position at the IMF.
The Washington-based IMF’s board issued a short statement Friday saying that it had agreed to “request more clarifying details with a view to very soon concluding its consideration of the matter. (AP).