Kristalina Georgieva: Reappointment as Managing Director of the IMF

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Kristalina Georgieva, a Bulgarian economist, has been reappointed as the Managing Director of the International Monetary Fund (IMF) for a second five-year term beginning on October 1, 2024.

An Overview of the News

• She has been serving as the 12th Managing Director of the IMF since 2019, with her current tenure set to conclude on September 30, 2024.

Career Highlights:

Early Academic and Professional Experience:

• Worked as an Assistant Professor at the University of National and World Economy (UNWE) from 1977 to 1993.

• Joined the World Bank (WB) in 1993 as an environmental economist.

Leadership Roles at the European Commission:

• Served as the Vice-President of the European Commission from November 2014 to December 2016.

• Held positions including Commissioner for International Cooperation, Humanitarian Aid and Crisis Response, and Vice-President for Budget and Human Resources.

Tenure at the World Bank:

• Served as the Chief Executive Officer (CEO) of the World Bank from January 2017 to September 2019.

• Additionally, acted as the interim President of the World Bank from February 2019 to April 2019.