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Wednesday June 29, 2022

Former Bundesbank chief appointed to head IMF expert panel

Weidmann appointed to head panel following allegations of data tampering against IMF chief Georgieva

By AFP
February 05, 2022
German Bundesbank President Jens Weidmann, wearing a protective face masks, attends the weekly cabinet meeting at the Chancellery in Berlin on June 23, 2021. — AFP/File
German Bundesbank President Jens Weidmann, wearing a protective face masks, attends the weekly cabinet meeting at the Chancellery in Berlin on June 23, 2021. — AFP/File

WASHINGTON: The International Monetary Fund has appointed former Bundesbank President Jens Weidmann to head an independent expert panel following allegations of data tampering against IMF chief Kristalina Georgieva, the body said Friday.

Georgieva was engulfed in controversy last year after an investigation concluded that during her tenure at the World Bank, she was among top officials who manipulated data from its closely watched Doing Business report in favor of China.

Georgieva has denied those allegations and her role as IMF´s executive director was reaffirmed in October.

The expert group "will conduct an independent review with a view to identifying how the Fund can ensure it has in place robust and effective channels for complaint, dissent and accountability," the IMF said in a statement.

"This will include reviewing the framework for addressing complaints applicable to the Managing Director and Executive Board officials," the statement went on.

The panel is expected to finalize a report and submit recommendations to the Board of Directors by the end of March 2022.