Business Standard

DECISION ON FUTURE OF IMF’S GEORGIEVA MAY BE TAKEN TODAY

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The Internatio­nal Monetary Fund’s executive board will meet again on Sunday with Managing Director Kristalina Georgieva and the law firm that says she pressured World Bank staff to change data to benefit China while serving as the bank’s CEO, according to sources familiar with the plan. A decision on Georgieva’s future at the global lender is not expected until Monday, at the earliest, as finance ministers and other senior officials from many of the IMF’S 190 member countries gather in Washington for the annual IMF and World Bank fall meetings, said one of the sources. The IMF’S executive board debated the matter for five hours on Friday before adjourning and asking for more “clarifying details”.

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