Today, the top Republican on the House Financial Services Committee, Patrick McHenry (NC-10), released the following statement regarding the Biden Administration’s decision not to seek the removal of Kristalina Georgieva as the International Monetary Fund Managing Director:
“This decision reflects terribly on U.S. leadership at the IMF. Republicans and Democrats in Congress were alarmed by the investigation into Ms. Georgieva’s actions. It is shocking that the Administration looked past these bipartisan concerns and caved to pressure from other countries who want to sweep this scandal under the rug. This inaction calls into question the Biden Administration’s support for integrity at multilateral institutions and will affect Congress’s deliberations on the IMF for years to come.”
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