After deliberating on whether she should keep her post, the IMF’s board issued a statement on Monday evening expressing confidence in her.
Georgieva said the board has done “a very credible and serious job”.
“When we finally presented two sides of the story next to each other, there weren’t any there,” she told reporters. “But that’s not to say that I don’t take the broader message of, make sure staff can always contact superiors or through institutional channels to report dissatisfaction, disagreement, and throughout my professional life I strived for it. “
She said she would meet with staff next Monday for a “very frank and open discussion.”
The scandal comes at a delicate time for the two organizations, in the midst of their annual fall meetings that bring together senior officials from around the world. The episode also addresses questions of China’s influence within the Fund, leading some Republicans in Congress to publicly criticize the United States’ decision not to seek its ouster. More broadly, this has raised questions about the integrity of the research published by the IMF.
“Institutions should always strive to do better, even if they are excellent, as is the case with the IMF,” Georgieva said. “IMF staff are exemplary in the way they do their work. There is no doubt about the credibility of the IMF, our data or our research. “