Ukraine Set to Receive $1.9 Billion Investment Boost from World Bank
The International Finance Corporation (IFC), a financial division of the World Bank, intends to invest 1.9 billion USD in projects in Ukraine over the next 18 months
The International Monetary Fund's (IMF) Governing Council has confirmed that it has full confidence in Managing Director Kristalina Georgieva, after examining allegations that during her time at the World Bank she pressured experts to change data in a way that would benefit China. , world agencies reported.
The board said it trusted Georgieva's efforts to maintain the highest standards of good governance and integrity at the IMF. At the same time, a board meeting is planned to discuss institutional safeguards to ensure the impartiality of the international credit institution's staff and the ability to file complaints, disagree and maintain accountability, according to Reuters.
Georgieva thanked the board of directors for the vote of confidence and stressed that the accusations made against her were unfounded, AFP reports.
US Treasury Secretary Janet Yellen said in a conversation with Georgieva yesterday that the WilmerHale law firm's report raised reasonable doubts, but the lack of direct evidence means a possible change of leadership would be unfounded.
However, it is necessary to take "active measures to strengthen the confidence in the IMF and the reliability of the information" provided by the institution, Yellen said in a statement. In addition, Georgieva and other IMF leaders must reiterate their commitment to transparency in the fund's research, analysis and policy-making.
/BTA
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The Movement for Rights and Freedoms (DPS) in Blagoevgrad has nominated Elena Yoncheva as a candidate for the European Parliament, sparking intense debate and speculation
The coalition, comprising Maya Manolova's "Stand up, Bulgaria!" movement along with the Bulgarian Left party and "United Social Democracy," marks a strategic alliance aimed at consolidating political forces ahead of the polls
Meglena Plugchieva, the foreign policy advisor to Acting Prime Minister Dimitar Glavchev, has tendered her resignation
Acting Prime Minister Dimitar Glavchev and former Deputy Prime Minister Mariya Gabriel have reiterated Bulgaria's commitment to stability in the region and support for Ukraine
President Rumen Radev has issued a decree appointing acting Prime Minister Dimitar Glavchev as the acting Minister of Foreign Affairs and Georgi Takhov as the acting Minister of Agriculture and Food
According to an article in "Politico," Russian-funded disinformation campaigns are contributing to a decline in public support for Bulgaria's adoption of the euro
UN Happiness Report: Bulgaria's Astonishing Leap in Rankings
Bulgaria: 3 Regions With Lowest Life Expectancy - EU Report 2022