IMF Managing Director Kristalina Georgieva this week gave the lender’s board a more detailed defense against accusations that she improperly influenced a report in China’s favor in her previous job at the World Bank.In a three-page letter to the head of the board’s ethics committee dated Sept. 21 and obtained by Bloomberg News, Georgieva — who at the time was the World Bank’s chief executive officer — said she was surprised by law firm WilmerHale’s conclusion in a Sept. 15 audit report that she played a “key role” in changes related to China’s ranking in the Doing Business 2018 report.“This is simply untrue,” Georgieva wrote. “The premise on which this accusation is built — that I pressured staff to inflate China’s Doing Business 2018 ranking because of the Bank’s capital increase — is wrong and based on fundamental misunderstandings of my role as CEO of the World Bank, the work on capital increase, my involvement in Doing Business 2018, and how I carry myself personally and professionally.”
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