Kristalina ap­pointed MD of IMF

The Times of India (New Delhi edition) - - Times Business -

Wash­ing­ton: IMF on Wednes­day for­mally se­lected Kristalina Ge­orgieva of Bul­garia to be only the sec­ond woman ever to lead the 189-mem­ber in­sti­tu­tion.

The se­lec­tion had been all but guar­an­teed after the global cri­sis lender said ear­lier this month that Ge­orgieva, a for­mer World Bank CEO, was the sole can­di­date.In ac­knowl­edg­ing her se­lec­tion, Ge­orgieva spoke of tem­pes­tu­ous times for the global econ­omy. “It is a huge re­spon­si­bil­ity to be at the helm of the IMF at a time when global eco­nomic growth con­tin­ues to dis­ap­point, trade ten­sions per­sist, and debt is at his­tor­i­cally high lev­els,” she said in a state­ment.

“This means also deal­ing with is­sues like in­equal­i­ties, cli­mate risks and rapid tech­no­log­i­cal change.” She is to take up her po­si­tion as MD on Oc­to­ber 1, re­plac­ing Chris­tine La­garde, who is set to take over the Euro­pean Cen­tral Bank later this year.

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