• About
  • Advertise
  • Contact
Wednesday, July 23, 2025
  • Login
No Result
View All Result
NEWSLETTER
The NY Journals
  • Home
  • Business
  • Technology
  • Entertainment
  • Sports
  • Lifestyle
  • Health
  • Politics
  • Trending
  • Home
  • Business
  • Technology
  • Entertainment
  • Sports
  • Lifestyle
  • Health
  • Politics
  • Trending
No Result
View All Result
The NY Journals
No Result
View All Result
Home Technology

Georgieva selected for second term as IMF managing director

by Sarkiya Ranen
in Technology
Georgieva selected for second term as IMF managing director
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter


THE International Monetary Fund’s executive board on Friday selected Bulgarian economist Kristalina Georgieva to serve as managing director for a second five-year term, starting on Oct 1 this year, the global lender said.

“The Board commended Ms. Georgieva’s strong and agile leadership during her term, navigating a series of major global shocks,” it said in a statement. Georgieva had been the only candidate for the job.

European Union finance ministers last month endorsed Georgieva for a second term at the helm of the lender of last resort, virtually assuring her approval.

Traditionally, European countries recommend the managing director of the IMF and the United States recommends the head of the World Bank.

Georgieva said she was grateful to the board and honored to be selected for a second term, and said she looked forward to continuing to working with the IMF’s “exceptional” staff.

“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,” she said. “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.”

GET BT IN YOUR INBOX DAILY

Start and end each day with the latest news stories and analyses delivered straight to your inbox.

Georgieva is the second woman to head the IMF and the first person from an emerging market economy. She is the IMF’s 12th managing director since its founding in 1944.

A self-described “eternal optimist”, Georgieva has led the lender through huge shocks to the global economy, from the outbreak of the Covid-19 pandemic just months after she took office to Russia’s invasion of Ukraine in February, 2022.

She drew criticism inside and outside the IMF early on for her push to include climate change as a factor in surveillance reports on member countries’ economies and her focus on emerging market and developing economies.

She has been instrumental in securing large loans for Ukraine, overseen a revamp of Argentina’s massive loan programme and worked steadily to help China embrace sovereign debt restructurings.

She also survived a personal challenge in 2021 when the IMF’s executive board expressed its full confidence in her after reviewing allegations that she pressured staff to alter data to favour China while working at the World Bank. REUTERS



Source link

Tags: DirectorGeorgievaIMFmanagingSelectedTerm
Sarkiya Ranen

Sarkiya Ranen

I am an editor for Ny Journals, focusing on business and entrepreneurship. I love uncovering emerging trends and crafting stories that inspire and inform readers about innovative ventures and industry insights.

Next Post
Less than half of US banks ready to borrow from Federal Reserve in emergency

Less than half of US banks ready to borrow from Federal Reserve in emergency

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

Inside Chris Evans’ Private Romance With Alba Baptista – E! Online

Inside Chris Evans’ Private Romance With Alba Baptista – E! Online

1 year ago
“Tried To Save PM Post’s Dignity”: Muslim MP On BJP’s Provocation Charge

“Tried To Save PM Post’s Dignity”: Muslim MP On BJP’s Provocation Charge

2 years ago

Popular News

    Connect with us

    The NY Journals pride themselves on assembling a proficient and dedicated team comprising seasoned journalists and editors. This collective commitment drives us to provide our esteemed readership with nothing short of the most comprehensive, accurate, and captivating news coverage available.

    Transcending the bounds of New York City to encompass a broader scope, we ensure that our audience remains well-informed and engaged with the latest developments, both locally and beyond.

    NEWS

    • Business
    • Technology
    • Entertainment
    • Sports
    • Lifestyle
    • Health
    • Politics
    • Real Estate
    Instagram Youtube

    © 2025 The New York Journals. All Rights Reserved.

    • About Us
    • Advertise
    • Contact Us
    No Result
    View All Result
    • Home
    • Business
    • Technology
    • Entertainment
    • Sports
    • Lifestyle
    • Health
    • Politics
    • Trending

    Copyright © 2023 The Nyjournals

    Welcome Back!

    Login to your account below

    Forgotten Password?

    Retrieve your password

    Please enter your username or email address to reset your password.

    Log In