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Outgoing Vice President of the EC Kristalina Georgieva has announced in a statement published by the press centre of the European Commission Representation in Bulgaria that there is no conflict of interest with respect to her current and her future job.
Earlier on Wednesday, the Brussels online edition Politico reported that Georgieva’s office had arranged a new payment structure between the EU and the World Bank increasing EU contributions to the World Bank’s overhead.
In her statement, Georgieva flatly denies that there is conflict of interest.
“I feel obliged to dispel the false allegations and speculations spread about me by the Politico editon in relation with the management of the European budget. The World Bank is a partner of the Commission – we have an agreement with it which guarantees that the money of taxpayers are protected and spent accordingly. This agreement is not new – it has existed since 2009. The agreement was renewed in 2014 on the condition that it is reviewed again in 2016. This was done in accordance with all procedures of the Commission.”
Further on, Georgieva specified that: “There is no conflict of interest. The details of the agreement were negotiated by the offices of the Commission without my direct participation.”
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