KRISTALINA GEORGIEVA RE-ELECTED 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.
• Kristalina Georgieva of Bulgaria has served as the MD of the IMF since 2019.
• She has previously served as World Bank’s CEO from January 2017. She was also interim president for the World Bank Group between February and April, 2019.
• She has also served at the European Commission as Commissioner for International Cooperation, Humanitarian Aid and Crisis Response along with its Vice President for Budget and Human Resources.

ABOUT IMF:

• The IMF was established in 1944 in the aftermath of the Great Depression of the 1930s.
• The IMF was founded by 44-member countries that sought to build a framework for economic cooperation.
• The IMF is governed by and accountable to 190 countries that make up its near-global membership.
• The IMF is able to lend about $1 trillion to its member countries.