Kristalina Georgieva has been appointed as managing director of the International Monetary Fund for a second five-year term.
The term is starting on October 1, 2024.
Her reappointment was announced in a release in which she was lauded for her role in leading the IMF to respond to several global shocks.
“Ms Georgieva led the IMF’s unprecedented response to global shocks, including the approval of more than $360 billion in new financing since the start of the pandemic for 97 countries, debt service relief to the Fund’s poorest, most vulnerable members, and a historic Special Drawing Rights (SDR) allocation equivalent to $650 billion,” they said.
“Under her leadership, the Fund introduced innovative new financing facilities, including the Resilience and Sustainability Facility and the Food Shock Window. It replenished the Poverty Reduction and Growth Trust, with the capacity to mobilise concessional loans to its poorest members, and co-created the Global Sovereign Debt Roundtable.
The report further revealed that Georgieva was the sole candidate nominated for the position, and the decision was taken as a consensus by the IMF board.
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