IMF chief to keep job despite scandal

The International Monetary Fund says its embattled head can keep her job, despite a recent scandal. Kristalina Georgieva has been accused of manipulating data in favor of China while she was chief executive of the World Bank.

The IMF's executive board said on Monday the information it had did not show Georgieva had played an improper role regarding a World Bank report.

An investigation into the 2018 business climate report found it ranked China higher than it should have. Investigators said Georgieva pressured economists to raise China's standing. She was the World Bank's CEO at the time.

The IMF launched its own probe after the bank made the results of the investigation public last month. It interviewed Georgieva, who denies the allegations.

US Treasury Secretary Janet Yellen issued a statement saying the lack of direct evidence means a leadership change is unwarranted. The United States is the IMF's biggest stakeholder.

The credibility of research reports by some international organizations has been hurt by the scandal.