site.btaBulgaria Is Taking Step Towards Nominating Kristalina Georgieva for Second Term as IMF Managing Director

Bulgarian National Bank (BNB) Governor Dimitar Radev has discussed with IMF Managing Director Kristalina Georgieva the possibility of her nomination for a second term and she said she would be honoured to be nominated, Radev said in a statement published on the central bank's website Friday. The BNB Governor is also the Governor of the IMF for Bulgaria.  

Radev wrote:"I had a telephone conversation with Ms. Georgieva in which we discussed the possibility of her nomination for a second mandate at the IMF and I asked her whether she would be willing to continue to serve in her position. I am pleased to say that she confirmed she would be honored to do so, subject to the support of the IMF membership. In this context the Bulgarian authorities will continue the consultations with their European partners on a common view about a potential nomination in accordance with the IMF’s process of selection of the Managing Director of the institution.”

The BNB Governor further said that Kristalina Georgieva "has earned the great respect and trust of the IMF member countries during the years of her mandate as the Fund's Managing Director". "Under her leadership, the IMF has supported the global economy with large scale financing to nearly 100 member countries as they dealt with the COVID pandemic, the war in Ukraine and the cost-of-living crisis. Many of my colleagues, the Governors of the IMF, would like to see her continue as the Managing Director of the institution for a second mandate – a view also expressed by France's Finance Minister Bruno Le Maire at the time of the recent G20 meeting in Sao Paolo."