Podcast in English
Text size
Bulgarian National Radio © 2024 All Rights Reserved

EU states back second term for IMF Chief Georgieva

Кристалина Георгиева
Photo: BTA
All 27 EU member states back Bulgaria's Kristalina Georgieva for a second term as head of the International Monetary Fund. The news was announced today by Belgian Deputy Prime Minister and Minister of Finance Vincent Van Peteghem after a meeting of EU economy and finance ministers in Brussels.

The unanimous backing is a “clear sign of the trust that we have in Kristalina”, who has “showed stronger leadership in the last couple of years, especially during unprecedented crisis", Belgian finance minister Vincent Van Peteghem told reporters.


Traditionally, the post of managing director of the IMF is occupied by a representative of Europe, while that of the World Bank - by a United States' representative. Support at European level is therefore key to the nomination. The final decision is taken by the Fund's Board of Executive Directors, which is made up of 24 members representing the votes of individual member countries.



Последвайте ни и в Google News Showcase, за да научите най-важното от деня!
Listen to the daily news from Bulgaria presented in "Bulgaria Today" podcast, available in Spotify.

More from category

British retiree Simon Hill: My wife and I love our lives in Bulgaria

Daily Mail Online published a letter from former teacher Simon Hill under the title “I’m living the Bulgarian retirement dream”. The retiree and his wife own two properties in Bulgaria. They get better healthcare, enjoy hot summers and ski in the..

published on 10/3/24 12:19 PM

Bulgaria and the United States are to expand their cooperation in the energy sector

Bulgaria and the United States are to expand the scope of their Intergovernmental Agreement for cooperation on the project for the construction of a new unit at the Kozloduy Nuclear Power Plant and the civil nuclear programme. This possibility was..

published on 10/3/24 10:38 AM
Caretaker Minister of Foreign Affairs Ivan Kondov

Bulgaria supports the membership of Serbia and Kosovo in the International Organization of La Francophonie

Caretaker Minister of Foreign Affairs Ivan Kondov is leading the Bulgarian delegation at the 45th session of the Ministerial Conference of La Francophonie, which will be held on October 3 in Paris, the Foreign Ministry announced. The foreign ministers..

published on 10/3/24 10:16 AM