April 13, (THEWILL)- The Executive Board of the International Monetary Fund (IMF) has approved the reappointment of Ms. Kristalina Georgieva, as Managing Director of the Fund, for a second five-year term.
The decision was taken by consensus, the IMF said in a statement confirming the board’s decision.
THEWILL reports that Georgieva’s reappointment will take effect when her current term ends on September 30, 2024.
Accepting the new appointment, the 70-year-old Bulgarian, who has run the IMF since 2019, in a statement, said, “I am deeply grateful for the trust and support of the Fund’s Executive Board, representing our 190 members, and honored to continue to lead the IMF as Managing Director for a second five-year term.
“In recent years, the IMF has helped our member countries to navigate successive shocks including the pandemic, war and conflicts, and a cost-of-living crisis. We also stepped up our work on climate change, fragility and conflict, and the digital transition, in line with their increased significance for macroeconomic and financial stability, growth and employment.
“The IMF’s financial support, policy advice and capacity development work—delivered by our exceptional staff—have contributed to countries’ capacity to deal with high uncertainty and abrupt shifts in economic conditions. We are and will remain a transmission line of good policies for our members and will continue to strive to be more effective, incisive and a welcoming place for countries to come together to tackle global challenges.
“I look forward to continue serving our membership, together with the highly professional and committed staff of the IMF.”
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