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amid allegations she skewed data during her time as chief executive of the World Bank to appease Beijing. It took the board several days to decide it had this full confidence — which points to both heated internal debate, and American skepticism at the heart of the debate. In a
, the IMF board said the evidence “did not conclusively demonstrate” Georgieva “played an improper role.” What emphatic support!Georgieva’s many allies have rushed to her public defense over the past week. Now, co-director of the Center of Economic and Policy Research, is calling for a congressional investigation into the attempt to remove her. “It’s clear that the law firm [WilmerHale] hired to do this investigation targeted Georgieva and misrepresented what it was doing,” Weisbrot said.
Shah’s point is that the World Bank-IMF meeting this week could loosen some of the biggest sticking points at next month’s COP26 climate summit. That includes G-20 finance ministers’ meeting Wednesday — who could make an announcement on the unmet pledge of rich countries to deliver $100 billion per year in climate finance to developing countries, to help fund their shift away from fossil fuels.
France Dernières Nouvelles, France Actualités
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