The International Monetary Fund (IMF) is studying the criticism of top woman Kristalina Georgieva.

An IMF special ethics committee is also looking into the matter.

Georgieva is accused of exerting pressure on staff as a top executive at the World Bank to make China's position better appear in an economic ranking of countries.

A few years ago, the Bulgarian was said to have urged certain adjustments from the top of the World Bank to make China appear slightly better in a report on international business.

During that period, the World Bank was also working on a capital increase for its own organization, in which China had to play a key role.

For the World Bank, the issue is a reason not to continue with the so-called Doing Business reports, which contained the rankings.

Important ethical boundaries would have been crossed.

An IMF spokeswoman said that it is customary in such cases for the IMF Ethics Committee to look into the matter.

The latter will report its own findings on this to the board of the fund.

It is not yet known when this will happen.

Georgieva denies allegations

Georgieva herself said she fundamentally disagreed with the allegations made by a law firm that was conducting research on behalf of the World Bank.

Furthermore, the Bulgarian has indicated that she has already discussed the matter with the board of the IMF, which she has headed since 2019.

The IMF and the World Bank are important institutions in the financial world.

The US government has said these are "serious findings".

The United States is therefore also looking into the matter.

The British government has also indicated that it is considering the matter.

In turn, China's Ministry of Foreign Affairs stressed that the World Bank should follow "internal review procedures" to investigate the issue.

'Lack of integrity at World Bank'

Nobel laureate and former chief economist of the World Bank Paul Romer also criticized Georgieva.

He said that during his time at the World Bank there was a "lack of integrity" in the leadership, including Georgieva.

Romer became chief economist of the World Bank in the autumn of 2016, but left already in January 2018. This was partly due to clashes with colleagues, including about the way in which reports were drawn up.

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