Strategy Note /
China

Scandal at the World Bank and IMF is not good for emerging markets

  • World Bank audit on "irregularities" in its widely followed Ease of Doing Business report implicates IMF head Georgieva

  • EM implications: (1) another blow for credibility of multilateral organisations; (2) another avenue for US-China tension

  • (3) IMF distraction may delay negotiations, eg Argentina; (4) fuel for economic populism; (5) loss of a unique data set

Scandal at the World Bank and IMF is not good for emerging markets
Hasnain Malik
Hasnain Malik

Strategy & Head of Equity Research

Tellimer Research
19 September 2021
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