The current
director of the International Monetary Fund (IMF), Kristalina Georgieva
, has been accused by the
World Bank
of pressuring her subordinates to make China better off in the annual report
'Doing Business'
, which measures the economic dynamism of all countries. countries of the world. Georgivea, who before being director of the Fund was at the World Bank coordinating, among other activities, the preparation of said report,
has issued a statement in which she affirms that "I fundamentally disagree with the findings and interpretations"
of the Bank document. World. For the time being, that institution has decided to suspend the preparation of the report.
The
United States Department of the Treasury has declared to the newspaper 'The Wall Street Journal' that the matter is "serious"
. Due to the size of its economy, the
US has the right of veto in the Monetary Fund
. In the statement, Georgieva explains that she has already had "an initial meeting with the Fund's executive committee on this matter."
The key to the controversy is an internal audit conducted by the US law firm
WilmerHalle
for the World Bank's ethics department. The document, which is public, maintains that, in 2018, Georgieva, who then worked at the Bank,
exerted "pressure" to "make specific changes to China's score in an effort to increase its position in the ranking
.
"
The alleged action came
as World Bank member countries were negotiating a capital increase
in which Beijing was expected to "play a key role." The then president of the Bank, the American
Jim Yong Kim
, would also have pushed for China to come out better.
As a consequence, that country
moved to 78th place, when it should have been 85th
, according to the aforementioned analysis.
Since its inception, the 'Doing Business' report has become one of the most relevant and, at the same time, most controversial activities of the World Bank.
On the one hand, there is the methodological issue, which
led
countries like India to question the conclusions of the report,
which, in its first editions, was based on information provided by third parties in the countries.
Almost all the world 'rankings' are a bit hammered, because not everything is comparable. Thus, for example, according to the competitiveness rankings carried out by the team led by the
professor from Columbia University
, and very direct defender of the independence of Catalonia,
Xavier Sala
, for the World Economic Forum in Davos,
the Spanish judicial system is worse than China or Saudi Arabia
. Given that the Spanish legal system does not contemplate whipping in public, nor that there is evidence that the State has created concentration camps to 're-educate' around
15% of Catalan men
, the comparison seems to correspond, more than to the scope of the Right, to that of Psychiatry.
The second aspect is that of national honor.
At the time when the Bank was headed by
Paul Wolfowitz
, who was considered by many to be the main promoter of the invasion of Iraq, which made him a very controversial figure, there were reports that suggested that the United States had pressured the bank to that country came out higher in the 'Doing Business Report'.
Sometimes, however, it is more than national honor that is at stake.
In many developing economies and emerging markets, having a good position in the document is an important element in your policy of attracting foreign investment.
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