site.btaKristalina Georgieva Selected to Serve Second Term as IMF Managing Director

The Executive Board of the International Monetary Fund (IMF) has selected Kristalina Georgieva to serve as IMF Managing Director for a second five-year term starting on October 1, 2024. The Board’s decision was taken by consensus, the IMF said in a press release late on Friday.

The Board held several discussions, including with Georgieva, the sole candidate nominated for the position, before making its decision. The Board commended Georgieva's "strong and agile leadership during her term, navigating a series of major global shocks," the press release reads.  “Looking ahead, the Board welcomes 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. It recognizes her focus on strengthening the Fund’s support to its members through effective policy advice, capacity development and financing,” the IMF said.

Georgieva commented, as quoted by Reuters, that it is an honour for her to be selected for a second term in office and that she look forward to continuing her work with the exceptional team of the IMF.

Georgieva, a national of Bulgaria, has been IMF Managing Director since 2019. Before that, she served as Chief Executive Officer of the World Bank from January 2017.