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Release: Rep. French Hill Statement on Report that World Bank Pressured Staff to Favor China

Statement

Date: Sept. 16, 2021
Location: Little Rock, AR
Issues: Foreign Affairs Budget, Spending and Taxes

Rep. French Hill (AR-02) issued the following statement after a report raised concerns that World Bank staff were pressured to favor China in the bank's "Doing Business 2018" report.

"This alarming report raises serious questions about Director Georgieva's motivations during her time at the World Bank and, if these allegations are true, then the IMF board should promptly assess her service in the top job there.

"Unfortunately, these events are not isolated - we've already seen how the Chinese Communist Party systematically works to hijack multilateral institutions from the World Health Organization to the United Nations.

"I will ask Treasury Secretary Yellen to make her own assessment of this disturbing report, bring that assessment to the Congress and make recommendations to ensure strict, transparent data integrity in the reports and assessments of the World Bank and the IMF. Financial markets and policy makers rely on the expertise of the multilateral lenders and that reputation is now tarnished."


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