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IMF chief lobbied to improve China's biz ranking, says World Bank

To discontinue 'Doing Business' reports after ethics review

IMF’s Georgieva was a leader at World Bank during ethics issue. (Photo: Bloomberg)
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IMF’s Georgieva was a leader at World Bank during ethics issue. (Photo: Bloomberg)

Eric Martin | Bloomberg
International Monetary Fund Managing Director Kristalina Georgieva was called out Thursday by the World Bank, her previous employer, for applying pressure to boost China’s position in a ranking of economies. Georgieva said she disagreed with the findings.

The World Bank, in a probe of its “Doing Business” report, found such serious ethics issues that it decided to abandon the series entirely, a statement released in Washington showed.
 
China’s position in the 2018 report, released in October 2017, should have been seven places lower — at No. 85 rather than remaining at 78 -- the World Bank said in