According to a person familiar with the negotiations, the IMF's executive board expects to decide Monday on the fate of the lender's chief, Kristalina Georgieva, following discussions Sunday with her and the law firm that alleged inappropriate activities in her prior role at the World Bank.
The board, comprised of 24 directors representing the fund's 190 member countries, is attempting to complete its review as the International Monetary Fund and World Bank begin their annual meetings – finance ministers and central bankers from around the world will convene in Washington beginning on Monday, with dozens of events planned.
The board meeting with law firm WilmerHale on Sunday lasted several hours in the afternoon, according to a person who spoke on the condition of anonymity because the discussions were confidential.
“The board made further significant progress today in its assessment with a view to very soon concluding its consideration of the matter,” fund spokesman Gerry Rice said in a statement Sunday, confirming that the board had met with both the firm and Georgieva.
According to a French finance ministry official, the law firm's examination did not disclose data on specific issues to immediately bring Georgieva's conduct into question, which is why France has supported her. The official said France wants a decision on the IMF chief’s future to be taken very soon.