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Yellen Declines to Take IMF Chief’s Calls in Scandal’s Wake

  • Biden administration has yet to offer support for Georgieva
  • Treasury reiterates statement of concern about findings
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IMF Chief Cited for Pressure to Improve China World Bank Data
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Treasury Secretary Janet Yellen has declined to return calls from the beleaguered head of the International Monetary Fund, Kristalina Georgieva, since a scandal broke, indicating that the Biden administration’s withholding of support for her goes beyond its public statements.

Since Georgieva was accused earlier this month of improperly intervening in a World Bank report in her prior job there, she has made attempts to speak with Yellen but has failed to get through, people familiar with the matter said, speaking on the condition of anonymity. The report from law firm WilmerHale, commissioned by the World Bank, alleged that Georgieva -- who took the helm of the IMF in 2019 -- pressured bank staff to boost China’s business-climate rating.