Samson » September 18th, 2021
“Dangerous” ethical issues threaten the credibility of the World Bank
16th September, 2021
The World Bank revealed, on Thursday, that its former president practiced “dangerous” ethical issues in order to enhance China’s economic position globally.
The bank said in a statement reported by Bloomberg Agency, that its former president, Kristalina Georgieva, who is currently the head of the International Monetary Fund, “exercised pressure when she was the Executive Director of the World Bank, with the aim of strengthening China’s position in the ranking of economies.”
He added that in his investigation into the Doing Business report, the ethical issues were so “serious” that he decided to drop the series of reports entirely. He noted that “the changes in China’s data in the Doing Business 2018 report appear to be the result of two different types of pressure exerted by the bank’s leadership on the Doing Business team.”
The World Bank confirmed that Georgieva and one of its advisors were involved in “pressing for specific changes to China’s data points, in an attempt to increase its ranking at the exact same time that the country was scheduled to play a major role in the bank’s capital increase campaign.”
The World Bank said in a review published last December that China’s position in the 2018 report, which was released in October 2017, should have been seven places lower, i.e. 85th instead of 78th.
Georgieva worked as CEO of the World Bank before being chosen to succeed Christine Lagarde as Managing Director of the International Monetary Fund, which is a development partner of the World Bank within the Bretton Woods financial system.
“I fundamentally disagree with the findings and interpretations of the data breach investigation as they relate to my role in the World Bank’s Doing Business 2018 report. I have already received an initial briefing with the IMF Executive Board on this matter,” Georgieva said in a statement. LINK
Source: Dinar Recaps
Samson » September 18th, 2021
A parliamentarian explains the reasons for postponing the decision on appeals submitted on some budget articles
17th September, 2021
A member of the Parliamentary Finance Committee, Ahmed Hama Rashid, explained today, Friday, the reasons that led to the postponement of the decision on the appeals submitted by the government to the Federal Court regarding some articles of the federal budget for the current year.
Rashid said in an interview with Alsumaria News, “The appeals submitted by the government to the Federal Court towards some items of the budget were not justified, given that all the amended articles were discussed with the government,” noting that “the government, as it seems, has interpreted the amended articles incorrectly.”
Rashid added, “When the Finance Committee worked to clarify these amendments to the government, it may have led to the government’s retraction in some appeals,” noting that “on the other hand, Iraq is heading to hold elections, so any amendment to the budget paragraphs will not be in the interest of The government, and legislating a budget for the next year during the current session is impossible with the approach of the elections.” He pointed out that “all these reasons, according to our view, were the reason for the delay in deciding on the appeals submitted against these articles.”
The Federal Court decided on 14 September for the third time to postpone the appeal submitted by the government on some articles of the federal budget to the 19th of this month.
On August 24, the Federal Supreme Court decided to postpone the decision on appeals against the general budget for 2021 until this September.
Also, on July 14, the Federal Supreme Court postponed the date for appealing the Federal Budget Law.
The Council of Ministers had earlier authorized Prime Minister Mustafa Al-Kazemi to file an appeal with the Federal Court on some provisions of the federal budget for the fiscal year 2021. LINK
MilitiaMan » September 18th, 2021
The timing being played Is interesting. Postponing for logistics? They note it is about amendments for the 2021 budget. They are to be required for what is to come in regard to INOC, HCL, etc.. IMO –MM
Source: Dinar Recaps
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