Allegations of favoring China could erode confidence in IMF chief

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Washington (AFP) – A storm of controversy threatens to undermine Kristalina Georgieva’s leadership of the IMF as experts, US lawmakers and the Treasury scrutinize her actions in a former senior role at the World Bank. The situation also could present a challenge to Democratic US President Joe Biden’s administration, since it gives fodder to Republicans dubious of, if not outright hostile to, the multilateral institutions, especially their dealings with China. An independent investigation released Thursday found that during her time as World Bank CEO, Georgieva was among the institution’s leade…

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