IMF Reaffirms Managing Director’s Confidence

Following an inquiry, the Executive Board of the International Monetary Fund (IMF) renewed its confidence in Managing Director Kristalina Georgieva, according to a statement released by the Fund on Tuesday, TASS reports.

The inquiry began in September when WilmerHale released its audit of the World Bank’s 2018 Doing Business report. Georgieva, who served as the World Bank’s Acting President in 2018, is criticized in the WilmerHale study.

“The Executive Board confirms its complete confidence in the Managing Director’s governance and capacity to proceed to successfully carry out her responsibilities,” the IMF said in a release.

“The Executive Board concluded that the facts given during its examination did not clearly indicate that the Managing Director acted improperly in relation to the Doing Business 2018 Report while she was CEO of the World Bank,” it said.