IMF head announces intention to stay on

The head of the International Monetary Fund says she intends to stay in her post despite allegations of misconduct.

Kristalina Georgieva has been accused of manipulating data in favor of China while she was chief executive of the World Bank.

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.

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

Georgieva told a news conference on Wednesday that the board concluded it has full confidence in her ability to lead the Fund.

But she did not go into details about the allegations, including whether she had instructed her staff to falsify data at China's request.

She insisted she had made sure that staff can always reach out to superiors or through institutional channels to signal discontent or disagreement.