Debt Dispute In A Bulgarian Village Ends in Tragic Murder Over 42 BGN
A horrifying incident unfolded in the quiet village of Yudelnik, near Ruse, as a dispute over a mere 42 BGN (21 EUR) culminated in a fatal outcome
The Economist called on the managing director of the International Monetary Fund, Kristalina Georgieva, to resign over her role in the scandal with China.
In 2017, when she was the executive director of the World Bank, Kristalina Georgieva put pressure on China to increase its position in the ranking of world economies. This revealed an inspection of the law firm WilmerHale, engaged by the ethics committee of the Executive Board of the World Bank.
The influential London magazine points out in a scathing editorial that this scandal has undermined the reliability of the International Monetary Fund - in its role as custodian of data on world macroeconomic statistics.
"The head of the IMF must be impartial, while two of its largest shareholders, America and China, are at odds with each other in a new era of geopolitical rivalry," the Economist wrote, adding that critics of multilateralism were already referring to findings as evidence that international organizations cannot oppose China.
"The next time the IMF tries to play the role of arbiter in a currency dispute or to help reschedule the debt of a country that has borrowed from China, critics of the fund will certainly refer to this investigation to undermine confidence in the institution. That is why Ms Georgieva, a respected official of several international institutions, must resign," the editorial said.
The Economist quotes Wilmer Hale's report as saying that Georgieva, the World Bank's chief executive at the time, thanked a senior bank researcher for "contributing to multilateralism" in changing China's data. .
"Now she too must contribute to multilateralism by taking responsibility," the influential London magazine called.
/OFFNews
We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!
Barbara Leaf, the US Assistant Secretary of State for Middle East Affairs, criticized the Yemeni Houthis for their inhumane actions in capturing merchant ships, including the "Galaxy Leader"
In a testament to enduring friendship, this year marks the 75th anniversary of the establishment of diplomatic relations between Bulgaria and China
Italy has thrown its weight behind Bulgaria's bid for full-fledged membership in the Schengen area, affirming its steadfast support during Italian President Sergio Mattarella's two-day visit to Bulgaria
In a strategic move aimed at reinforcing Bulgaria's commitment to its European aspirations and tackling corruption, outgoing Prime Minister Nikolai Denkov held a crucial meeting with EU, Ukrainian, US, and British ambassadors
In a statement that underscores the United States' keen interest in Bulgaria's political landscape, US Ambassador Kenneth Merten expressed disappointment at the failure of negotiations to form a government in the country
Nathaniel Copsey has been appointed as the new British Ambassador to the Republic of Bulgaria, succeeding Rob Dixon, announced the British Embassy
UN Happiness Report: Bulgaria's Astonishing Leap in Rankings
Bulgaria: 3 Regions With Lowest Life Expectancy - EU Report 2022