Kristalina appointed MD of IMF
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.