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IMF to Bolster Internal Safeguards After Outcry on Brazil Report

  • Staff last year urged chief Georgieva to clarify case details
  • Officials softened climate warning after Brazil complained
Kristalina Georgieva

Kristalina Georgieva

Photographer: Jason Alden/Bloomberg
Updated on

The International Monetary Fund plans to improve transparency and fairness in its economic analysis after a rare outcry by hundreds of staff members last year over a Bloomberg News report that officials softened a warning about Brazil’s climate-change risks.

While there are strong frameworks and processes in place to protect the integrity of data and analysis, the IMF board and management believe that improvements can be made to strengthen procedures, the Washington-based institution’s board and management said in a statement late Thursday.