US Treasury Will Hold IMF Chief Accountable for Integrity Changes: Official

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IMF Managing Director Kristalina Georgieva speaks during a league  astatine  the Vatican, Italy, connected  Feb. 5, 2020. (Remo Casilli/Reuters)

IMF Managing Director Kristalina Georgieva speaks during a league astatine the Vatican, Italy, connected Feb. 5, 2020. (Remo Casilli/Reuters)

WASHINGTON—The second-ranking U.S. Treasury authoritative told senators connected Tuesday that the bureau would clasp International Monetary Fund Managing Director Kristalina Georgieva accountable for changes needed to safeguard IMF integrity successful the aftermath of a World Bank data-rigging scandal.

“We did not find that it was due astatine this constituent to region the (IMF) managing director,” Deputy U.S. Treasury Secretary Wally Adeyemo told a U.S. Senate Banking Committee hearing.

“But we did marque precise wide during those meetings, and straight to the managing manager that changes request to beryllium made to guarantee whistleblowers’ rights are protected and that the integrity of the institutions are protected, which is our overarching goal,” Adeyemo said.

Adeyemo’s comments underscored the Biden administration’s continued unit connected Georgieva aft the IMF enforcement committee past week cleared her of wrongdoing pursuing allegations that erstwhile she was World Bank main enforcement successful 2017, she enactment “undue pressure” connected slope unit to marque information changes to boost China’s ranking successful the now-canceled “Doing Business” report.

Wally Adeyemo Then U.S. Deputy Secretary of the Treasury nominee Wally Adeyemo speaks during an lawsuit astatine the Queen Theater successful Wilmington, Del., connected Dec. 1, 2020. (Alex Wong/Getty Images)

“We volition beryllium holding her and the different leaders of the planetary fiscal institutions accountable for making these changes,” Adeyemo said.

A probe of “Doing Business” information irregularities, by instrumentality steadfast WilmerHale, is continuing and the steadfast is expected to contented a 2nd study connected imaginable misconduct by World Bank staff.

Adeyemo’s boss, U.S. Treasury Secretary Janet Yellen, past week during IMF and World Bank yearly meetings, called for beardown enactment by the 2 institutions to support information integrity and forestall misconduct successful the aftermath of the scandal.

Georgieva told Reuters past week that the IMF has robust controls and beardown interior protections for whistleblowers, but would enactment with unit to fortify the Fund’s credibility.

By David Lawder

Reuters

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