World Bank wants to regain lost trust

Washington According to its President David Malpass, the World Bank wants to regain trust after allegations of allegedly manipulated analyzes. Some steps have been taken to achieve this, Malpass told journalists on Monday. This includes the promotion of the chief economist Carmen Reinhart to a senior position. Analyzes are a high priority for the World Bank. Malpass declined to comment on the investigation into possible misconduct by the former managing director of the World Bank, the current head of the International Monetary Fund Kristalina Georgiewa.

The background to the investigations is the allegation that leading representatives of the World Bank – including its then managing director Georgiewa – exerted “inappropriate pressure” on employees in order to make China do better in the ranking of the “Doing Business” report for 2018. China came in at that time 78, after initially being ranked 85th in the first draft. The report assesses the investment climate and economic friendliness of a country. The IMF boss herself has repeatedly denied the allegations.

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