The New IMF Managing Director Kristalina Georgieva Takes Office Today

Politics | October 1, 2019, Tuesday // 11:20| Views: | Comments: 0
Bulgaria: The New IMF Managing Director Kristalina Georgieva Takes Office Today novinite.bg

The new IMF Managing Director Kristalina Georgieva takes office today.

Recently, she said she was "ready to be put to the test" at a time when wars in the global economy were coming up at several fronts, British Sky News and BGNES reminded.

Georgieva was previously chief executive officer of the World Bank. Now, she becomes the first IMF leader from a developing economy. Traditionally, IMF bosses are selected from economically strong countries in Western Europe such as France and Germany. Frenchwoman and now former IMF Christine Lagarde has stepped down to replace Mario Draghi as president of the European Central Bank.

Kristalina Georgieva will rule the IMF in a time of increasing protectionism in the global economy for a for a five-year term.

In her first speech after being approved as the new Managing Director of the International Monetary Fund (IMF) which was published on the IMF page, she stated that she is “deeply honored to have been selected as Managing Director of the IMF” and expressed her gratitude grateful for “the trust that the Fund’s global membership and the Executive Board have placed” in her.

She said that the institution’s “immediate priority is to help countries minimize the risk of crises and be ready to cope with downturns.”

In her words, the upcoming IMF Annual Meetings will discuss warning signals about global economic growth and trade tensions.

Politics » Be a reporter: Write and send your article
Tags: IMF, International Monetary Fund, Kristalina Georgieva
Advertisement
Advertisement
Expats.bg All Are Welcome! Join Now!
Bulgaria news Novinite.com (Sofia News Agency - www.sofianewsagency.com) is unique with being a real time news provider in English that informs its readers about the latest Bulgarian news. The editorial staff also publishes a daily online newspaper "Sofia Morning News." Novinite.com (Sofia News Agency - www.sofianewsagency.com) and Sofia Morning News publish the latest economic, political and cultural news that take place in Bulgaria. Foreign media analysis on Bulgaria and World News in Brief are also part of the web site and the online newspaper. News Bulgaria