The International Monetary Fund’s executive board on Friday (12 April) selected Bulgarian economist Kristalina Georgieva to serve as managing director for a second five-year term, starting on 1 October this year, the global lender said.
“The Board commended Ms. Georgieva’s strong and agile leadership during her term, navigating a series of major global shocks,” it said in a statement. Georgieva, a former EU Commission Vice President, had been the only candidate for the job.
Statement by Kristalina
Georgieva on her Second Term as IMF Managing Director
April 12, 2024
Washington, DC: Ms. Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF), issued the following statement today:
“I am deeply grateful for the trust and support of the Fund’s Executive Board, representing our 190 members, and honored to continue to lead the IMF as Managing Director for a second five-year term.
“In recent years, the IMF has helped our member countries to navigate successive shocks, including the pandemic, war and conflicts, and a cost-of-living crisis. We also stepped up our work on climate change, fragility and conflict, and the digital transition, in line with their increased significance for macroeconomic and financial stability, growth and employment. The IMF’s financial support, policy advice and capacity development work—delivered by our exceptional staff—have contributed to countries’ capacity to deal with high uncertainty and abrupt shifts in economic conditions. 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.
“I look forward to continue serving our membership, together with the highly professional and committed staff of the IMF.”
Source: IMF
