Business Spotlight

Humanitari­an at the helm

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MEDIUM AUDIO

She was the only nominee for the job. And at 66, she was too old. But the Internatio­nal Monetary Fund (IMF) waived its age limit of 65 to allow Kristalina Georgieva to become its new managing director in September 2019.

Georgieva studied political economy in Bulgaria. She then travelled to the UK, where she studied at the London School of Economics. She later held important positions in the World Bank and the European Commission. In 2010, she was recognized as “European of the Year” and “EU Commission­er of the Year” for her handling of humanitari­an disasters in Haiti and Pakistan.

In a statement, Georgieva said the IMF would have to “deal with issues like inequaliti­es, climate risks and rapid technologi­cal change” in order to improve people’s lives. Georgieva took over the job from another powerful internatio­nal figure — Christine Lagarde, who left the IMF to become the head of the European Central Bank (ECB).

 ??  ?? Looking to the future of the world economy: Kristalina Georgieva
Looking to the future of the world economy: Kristalina Georgieva
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