IMF Executive Board selects Kristalina Georgieva to serve a second term [Video]

The Executive Board of the International Monetary Fund (IMF) has selected Kristalina Georgieva to serve as IMF Managing Director for a second five-year term starting October 1, 2024.

The board’s decision was taken by consensus.

In line with the selection process it had established on March 13, 2024, the board held several discussions, including with Georgieva, the sole candidate nominated for the position, before making its decision.

Following Friday’s meeting, the coordinators of the executive board, Afonso S. Bevilaqua and Abdullah F. BinZarah, made the following statement:

“In taking this decision, the board commended Georgieva’s strong and agile leadership during her term, navigating a series of major global shocks.

Georgieva led the IMF’s unprecedented response to these shocks, including the approval of more than US$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 …