House Republicans Urge Yellen to Push Replacing IMF Chief
- Lawmakers cite allegations of mismanagement on China, Brazil
- Backing from Europe puts Georgieva on track for reappointment
Kristalina Georgieva
Photographer: Lionel Ng/BloombergThis article is for subscribers only.
A group of House Republicans are demanding that the US use its influence to replace the head of the International Monetary Fund over alleged mismanagement, citing reports of ethical breaches and inability to hold China accountable for its lending and currency practices.
House Financial Services Committee Chairman Patrick McHenry and Representatives French Hill and Blaine Luetkemeyer sent the letter Thursday to Treasury Secretary Janet Yellen calling on her to pursue a replacement for Managing Director Kristalina Georgieva.