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

IMF reappoints Kristalina Georgieva as managing director for another five-year term

Photo: BTA

Kristalina Georgieva will lead the International Monetary Fund for a second five-year term. The IMF's executive board confirmed on Thursday that it had reappointed Kristalina Georgieva as managing director of the international financial institution.

The decision means that the Bulgarian, who was the only candidate to lead the IMF, will continue to serve when her current term ends on 30 September 2024. The decision was taken by consensus, the IMF said in a statement.

"In taking this decision, the Executive Board commended Ms Georgieva's strong and agile leadership during her tenure, which saw her navigate through a series of major global shocks. Ms Georgieva led the IMF's unprecedented response to these shocks," the IMF board said.

Georgieva said she was honoured to be elected for a second term and looked forward to continuing to work with the Fund's outstanding team.

"A self-described "eternal optimist", Kristalina Georgieva has led the IMF through a period of great turmoil in the global economy, from the outbreak of the Covid-19 pandemic just months after she took office to Russia's invasion of Ukraine in February 2022," comments Reuters.



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

Sofia

Use of solid fuels will be banned in 9 Sofia regions

As of next year, use of solid fuels for domestic heating in buildings which are part of central heating and gas supply networks will be banned in nine Sofia regions, Deputy Mayor of Sofia Nadezhda Bobcheva announced at the opening of a round table..

published on 11/25/24 2:11 PM
Boyko Borissov

GERB says it will only hold negotiations with the participation of party leaders on the formation of a cabinet

“ There will only be negotiations among party leaders if they are for the formation of a ruling majority and a regular government,” GERB party declared at a briefing after a meeting of GERB’s executive commission, in regard to a possible meeting..

published on 11/25/24 1:05 PM

Homeless people in Ruse to receive a free hot meal

For the 13th consecutive year, homeless people in the town of Ruse will receive a free hot meal during the winter months. The social kitchen of the Bulgarian Red Cross opens its doors again in the biggest Bulgarian city on the Danube River. It has a..

published on 11/25/24 12:02 PM