The United States is frustrated!

The IMF Board of Directors issued a statement to support President Georgieva and end the "favorite China" allegation farce

　　[Global Times Special Correspondent in the United States, Xiao Qiang and Wang Yi] The Executive Board of the International Monetary Fund (IMF) issued a statement on the 12th, saying "Reiterate full confidence in the leadership of President Georgieva and the ability to continue to effectively perform her duties." , Brought to an end the farce about Georgieva's "favoring China" and "pressure to improve China's business environment ranking."

According to foreign media reports, European countries, China and Russia have expressed support for Georgieva, and the role of the United States in the farce has attracted attention.

Even after the IMF reiterated its support for Georgieva, US officials and lawmakers still tried to continue to stir up this topic.

Data map: Georgieva, President of the International Monetary Fund (IMF).

Photo by China News Agency reporter Sha Hanting

　　Agence France-Presse reported on the 12th that in the past two months, Georgieva's fate has been up in the air.

She is a Bulgarian economist and the first IMF president from an emerging market country. She was the CEO of the World Bank.

On September 16, the World Bank commissioned an investigation report written by the U.S. Weikai Pinghe De Law Firm, stating that during her tenure at the World Bank, Georgieva had put pressure on her subordinates and demanded that China’s position in the World Bank be improved. The impact of the "Doing Business Report" ranking.

Georgieva denied the accusations, and the US congressman asked her to leave.

　　The Executive Board of the IMF issued a statement on the 12th, stating that after extensive discussions with Georgieva and the US law firm that issued the report, it believed that Georgieva had dealt with “suspicion of being suspected of being The “2018 Doing Business Report” did not show improper behavior.

"After studying all the submitted evidence, the Executive Board reiterated its confidence in the leadership of the president and the ability to continue to effectively perform his duties," the statement said, "The Executive Board held a meeting today to conclude the review of relevant issues."

Georgieva expressed her gratitude on the 12th and reiterated that the allegations were "baseless".

　　The British "Financial Times" stated that in order to reach a consensus on the issue of Georgieva's stay, the IMF's Executive Board has struggled for several days, and there are fierce disagreements among its 24 directors.

France, Germany, Italy, the United Kingdom, China, and Russia sided with Georgieva, while the IMF’s two largest shareholders, the United States and Japan, showed resistance to her and called for a longer period of "forceful review." .

According to Reuters, European support is important because the IMF president is traditionally selected by the European government, while the US government nominates the president of the World Bank.

　　The U.S. "Politics" News Network stated on the 12th that the EU countries headed by France have worked hard for Georgieva to become the IMF president to ensure that a European is the IMF president. All parties are worried about China, Japan and Singapore. May fight for this position.

According to reports, on the IMF Executive Board, countries have certain voting rights based on their shareholding in the IMF.

But without the help of the United States, the European vote would not be enough for Georgieva to keep her position.

Bloomberg said on the 12th that the United States told the IMF's Executive Board that it did not seek to remove Georgieva.

According to the report, during her tenure at the IMF, Georgieva won praise for her efforts to help emerging and developing economies withstand the new crown epidemic.

Earlier this year, she took the lead in allocating special drawing rights of US$650 billion.

　　The New York Times stated on the 11th that the United States is the largest shareholder of the IMF. After Georgieva was accused, the United States refused to express public support for her, but ultimately did not ask her to step down.

Georgieva's failure to step down "may cause a political blow to the Biden administration" because the Republicans and Democrats in the U.S. Congress urged the Biden administration to be "fully accountable."

According to the Financial Times, the Biden administration’s decision not to insist that Georgieva step down immediately triggered strong opposition from Congressional Republicans.

US House of Representatives Financial Services Committee Chairman McHenry said, “This decision badly reflects the leadership of the United States in the IMF. The US government has ignored bipartisan concerns and succumbed to pressure from other countries.”

　　US Treasury Secretary Yellen issued a statement on the 11th, acknowledging that there is no direct evidence for the IMF to change its leadership, but said that the relevant investigation raised "reasonable" concerns. The United States will continue to evaluate any new evidence surrounding this allegation and closely monitor the IMF's future. Performance.

To strengthen the IMF's data integrity and credibility, active measures must be taken.

　　In the process, many people in the industry expressed support for Georgieva.

The "Voice of Deutsche Welle" stated that World Bank official Dwarajan and former chief economist Stiglitz both publicly supported Georgieva, who had assisted in overseeing the writing process of the Business Environment Report 2017. , Believes that the relevant allegations are untrue.

Jeffrey Sachs, director of the Center for Sustainable Development at Columbia University, wrote in the Financial Times at the end of September that anti-China mania and "anti-Beijing hysteria" are the fundamental reasons why some people in the United States oppose the IMF president. This does not involve the so-called World Bank. The sanctity of data or her management level is about China's role in a multilateral agency headquartered in Washington.

Many people in the US Congress want Georgieva to resign because she does not turn Beijing as an enemy.

　　The 2021 Fall Annual Meeting of the IMF and the World Bank will be held in Washington from October 11th to 17th.

Bloomberg said that despite the support, the allegations against Georgieva and her subsequent battle to defend her position may still cast a shadow over the annual meetings of the World Bank and the IMF.

These two institutions are currently shouldering the task of supporting the global economies to overcome the new crown epidemic.

These allegations may also affect Georgieva's remaining term in the IMF.