The appointment of Jens Weidmann at the head of a group of independent experts follows the scandal that splashed the boss of the financial institution, Kristalina Georgieva.
Le Monde
The IMF announced on Friday 4 February, named the former president of the Bundesbank, Jens Weidmann, at the head of a panel of independent experts following the scandal who involved the boss of the institution, Kristalina Georgieva.
The Director General of the International Monetary Fund was questioned in September 2021 for data manipulation, when it was number 2 of the World Bank, in the 2018 “Doing Business” report, in order to promote China. She has always denied these allegations.
The Expert Group “will conduct an independent review to determine how the Fund can ensure that it has solid and efficient channels in the event of complaints, disagreements and to determine the responsibilities,” explained the IMF In a statement.
The work will include consideration of the current IMF framework for dealing with complaints against the IMF Director and Board Leaders, he adds.
Recommendations by March 2022
Last December, the IMF had indicated that it would postpone its procedures, in the wake of the “Doing Business” case that had almost cost your place in Kristalina Georgieva.
The panel is “composed of prominent dispute settlement systems with experience, particularly in international organizations,” said the IMF.
It will rely on the ongoing work of the board of directors and the services working groups as well as the previous analyzes of the IMF Independent Assessment Office. The panel must finalize a report and submit recommendations to the Board of Directors by the end of March 2022.
On 11 October, the IMF Board of Directors reaffirmed its “full confidence” in Ms. Georgieva, who was maintained at his position.