Bulgarian President Radev Engages in High-Level Talks with IMF's Georgieva
President Rumen Radev engaged in a substantial dialogue with the Managing Director of the International Monetary Fund (IMF), Kristalina Georgieva
HOT: » Assessing the Legacy of Bulgaria's "Denkov" Cabinet: Achievements, Failures, and What Comes Next
John Lipsky, the International Montary Fund deputy, will continue to serve as acting managing director after the organization's chief Dominique Strauss-Kahn resigned following an alleged sexual assault of a hotel maid in New York.
Lipsky has been in interim control of the IMF since Strauss-Kahn's arrest.
The IMF said it would inform "in the near future" on the selection process of a new chief.
Tradition has it that the IMF chief comes from Europe, while the head of the World Bank is an American. But emerging economies like China, India and Brazil, with their huge economic clout, are challenging that idea.
European Commission President Jose Manuel Barroso said Europe would naturally put forward a candidate to replace Strauss-Kahn if he were to step down.
Germany, which wants a European to keep the job, said the IMF should deal with its immediate leadership internally and that it is too early to discuss a successor to Strauss-Kahn.
French officials said John Lipsky, the IMF's American number two official whose term ends in August, would represent the Fund at next week's Group of Eight summit in France.
We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!
In February 2024, the euro area witnessed a decline in its annual inflation rate, dropping to 2.6% from January's 2.8%
Amid the ongoing war between Russia and Ukraine, the Kremlin has put forward the idea of establishing a "buffer zone" on Ukrainian-controlled territory, a move aimed at safeguarding Russian regions from potential attacks
Cerstin Gammelin, spokeswoman for the German president, conveyed that Frank-Walter Steinmeier will abstain from extending congratulations to Russian President Vladimir Putin for his victory in the perceived fraudulent elections
Spanish newspaper El Pais has reported that NATO servicemen are already stationed in Ukraine, overseeing weapon deliveries, conducting intelligence operations, and providing training to the Ukrainian military
In the oil market, the upward trend continues at the beginning of the new week, with prices rising to nearly 5-month highs due to increasing geopolitical risks related to supply disruptions
In a resolute stance against the recent Russian presidential elections held in the occupied Ukrainian regions, the European Union has officially declared its non-recognition of the process
Norwegian Inspiration: Bulgaria's Move Towards Environmentally Friendly Prisons
Nexo Is Suing Bulgaria For Over $3 Billion