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Letzte Aktualisierung: October 19, 2021

IMF and World Bank – a venue for the China-US power struggle

Global institutions such as the IMF, the WTO, and the World Bank are increasingly shaped by the rivalry between China and the US. For Beijing, they are bulwarks of the West. China, therefore, wants to counteract by creating its own organizations. The Bulgarian IMF chief Kristalina Georgieva has apparently been caught in the crossfire.

Frank Sieren
Frank Sieren
Kristalina Georgieva, the current head of the International Monetary Fund (IMF), is said to have willingly helped China move up from rank 85th to 78th in the "Doing Business" report during her time at the World Bank (China.Table reported). Quickly, there was talk of "manipulation." But the Bulgarian is allowed to keep her post. The suspicion against Georgieva cannot be substantiated.
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