×
Newsmax TV & Webwww.newsmax.comFREE - In Google Play
VIEW
×
Newsmax TV & Webwww.newsmax.comFREE - On the App Store
VIEW
Tags: China | Financial Markets | Money | US Treasury | World Bank | China

US Treasury Analyzing World Bank Ranking of China Businesses

US Treasury
(AP)

Thursday, 16 September 2021 01:25 PM

The U.S. Treasury Department on Thursday said it was analyzing a report that found World Bank leaders, including former-CEO Kristalina Georgieva, pressured staff to boost China's ranking in the bank's "Doing Business 2018" at a time when they were counting on China to support the bank's capital increase.

"These are serious findings and Treasury is analyzing the report. Our primary responsibility is to uphold the integrity of international financial institutions," spokeswoman Alexandra LaManna said, when asked about a report by law firm WilmerHale about its independent investigation of the matter.

Georgieva, now managing director of the International Monetary Fund, said in a statement she rejected the findings of the report.

© 2021 Thomson/Reuters. All rights reserved.


StreetTalk
The U.S. Treasury Department on Thursday said it was analyzing a report that found World Bank leaders, including former-CEO Kristalina Georgieva, pressured staff to boost China's ranking in the bank's "Doing Business 2018".
US Treasury, World Bank, China
110
2021-25-16
Thursday, 16 September 2021 01:25 PM
Newsmax Media, Inc.
Join the Newsmax Community
Read and Post Comments
Please review Community Guidelines before posting a comment.
 
TOP

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved
NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved