The head of the International Monetary Fund has said a report alleging she had a role in data-rigging at the World Bank when she was a top official there was not an accurate representation of events.

Key points

• The head of the International Monetary Fund has said that a report alleging she had a role in data-rigging at the World Bank when she was a top official there was not an accurate representation of events.
• In addition to the statement, Georgieva's lawyers released the 11-page statement she delivered to the board on Wednesday in a meeting that lasted over five hours.

Background

Georgieva served as chief executive officer of the World Bank from January 2017 to September 2019, before taking the top job at the 190-nation IMF, succeeding Christine Lagarde, who is now head of the European Central Bank. 

The allegations of data-rigging come from a review conducted by the WillimerHale law firm that alleged Georgieva pressured the bank's economists to improve China's ranking at a time when she and other bank officials were attempting to persuade China to support a boost in the World Bank's funding resources.

International Monetory Fund - The International Monetary Fund (IMF) is an international financial institution, headquartered in Washington DC consisting of 190 countries "working to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty around the world." Formed in 1944, started on 27 December 1945,