How China’s global ambitions almost unseated an IMF chief

By Jonathan Wheatley
December 19, 2021

The furore over whether IMF managing director Kristalina Georgieva manipulated data to favour China in her previous role at the World Bank nearly cost the Bulgarian economist her job.

Whatever the truth of the allegations, no one doubts China’s determination to make its mark on the multilateral institutions that underpin the global financial system.

“China wants a bigger voice and more chairs at the table,” said Yu Jie, senior China research fellow at Chatham House. “It wants to brand itself as the leader of the global south.”

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