As the annual meetings of the World Bank and the International Monetary
Fund kick off next week, the Bretton Woods institutions are mired in
scandal. On September 15, the World Bank published an independent
investigation led by former US Attorney for Washington D.C. Ronald Machen
and the law firm WilmerHale into the involvement of senior World Bank
management in data manipulation.
The report alleges Bank officials altered data to benefit both China and
Saudi Arabia in its flagship Doing Business report, which ranks countries on
their business regulations. The allegations cover incidents spanning the
tenures of two World Bank presidents, Obama-nominee Jim Kim and Trump nominee
David Malpass, with a leading role for Kristalina Georgieva who
now runs the IMF.

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