Kristalina Georgieva Secures Second Term As IMF Managing Director

(MENAFN- Trend News Agency) BAKU, Azerbaijan, April 13. The Executive Boardof the International Monetary Fund (IMF) has selected KristalinaGeorgieva to serve as IMF Managing Director for a second five-yearterm starting on October 1, 2024, Trend reports.

The coordinators of the executive board, Afonso S. Bevilaqua andAbdullah F. BinZarah, noted that Kristalina Georgieva led the IMF'sresponse to major global shocks, including the approval of morethan $360 billion in new financing since the start of the pandemicfor 97 countries.

"Georgieva led the IMF's unprecedented response to these shocks,including the approval of more than $360 billion in new financingsince the start of the pandemic for 97 countries, debt servicerelief to the Fund's poorest, most vulnerable members, and ahistoric Special Drawing Rights (SDR) allocation equivalent to $650billion. Under her leadership, the Fund introduced innovative newfinancing facilities, including the Resilience and SustainabilityFacility and the Food Shock Window," they said.

Kristalina Georgieva has been the IMF's Managing Director since2019. Previously she served as Chief Executive Officer of the WorldBank from January 2017. From February 1, 2019, to April 8, 2019,she was the Interim President for the World Bank Group. Shepreviously served at the European Commission as Commissioner forInternational Cooperation, Humanitarian Aid and Crisis Response,and as Vice President for Budget and Human Resources.

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