K.G. Reelected to head IMF!
The Managing Director of the International Monetary Fund, Kristalina Georgieva, at the Chancellery in Berlin, Germany, 20 November 2023. EFE/EPA/HANNIBAL HANSCHKE

K.G. Reelected to head IMF!


Washington, Apr 12 (EFE).-

The Executive Board of the International Monetary Fund voted unanimously on Friday to re-elect Bulgarian economist Kristalina Georgieva for a second term as managing director, the organization said in a statement.

The board decided to renew Georgieva for her “strong and agile leadership” during her term when she navigated an “unprecedented response” to “a series of major global shocks,” the statement said.

“The Board welcomes Ms. Georgieva’s ongoing emphasis on issues of macroeconomic and financial stability, while also ensuring that the Fund continues to adapt and evolve to meet the needs of its entire membership,” the press release said.

Georgieva, 70, was the only candidate running for the position and will be serving a second five-year term that begins Oct. 1, 2024.

“We are and will remain a transmission line of good policies for our members and will continue to strive to be more effective, incisive, and a welcoming place for countries to come together to tackle global challenges,” she wrote in a statement where she also said to be “deeply grateful ” and “honored to continue to lead the IMF.”

Between Monday and Friday next week, the IMF and World Bank will hold their spring meetings in Washington, bringing together central bankers, finance ministers, members of the private sector, academics, and civil society representatives to discuss the global economic situation.

Under a decades-old tacit agreement between Europe and the United States, the IMF is headed by a European, while the WB is headed by an American.

Currently, the WB is headed by Indian-American Ajay Banga, on whom the Joe Biden administration has pinned its hopes for building bridges to the countries of the so-called Global South.


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