Current location:health >>
Kristalina Georgieva to serve second term as IMF managing director
health2197People have gathered around
IntroductionWASHINGTON, April 12 (Xinhua) -- The Executive Board of the International Monetary Fund (IMF) on Fri ...
WASHINGTON, April 12 (Xinhua) -- The Executive Board of the International Monetary Fund (IMF) on Friday selected Kristalina Georgieva to serve as IMF managing director for a second five-year term starting on Oct. 1, 2024.
The board's decision was taken by consensus, according to a statement by the coordinators of the Executive Board, Afonso S. Bevilaqua and Abdullah F. BinZarah.
The decision was made roughly a week after the coordinators announced that Georgieva, the IMF's current managing director, is the only candidate for the position.
"In taking this decision, the Board commended Ms. Georgieva's strong and agile leadership during her term, navigating a series of major global shocks," the statement said.
Georgieva led the IMF's unprecedented response to these shocks, including the approval of more than 360 billion U.S. dollars 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 to 650 billion dollars, the statement noted.
Under her leadership, the Fund introduced innovative new financing facilities, including the Resilience and Sustainability Facility and the Food Shock Window.
It also secured a 50 percent quota increase to bolster the Fund's permanent resources and agreed to add a third Sub-Saharan African chair to the IMF Board.
"Looking ahead, the Board welcomes Ms. Georgieva's ongoing emphasis on issues of macroeconomic and financial stability, while also ensuring that the Fund continues to adapt and evolve to meet the needs of its entire membership," the statement read.
Georgieva, a national of Bulgaria, has been the IMF's managing director since Oct. 1, 2019.
Before joining the Fund, Georgieva was chief executive officer of the World Bank from January 2017 to September 2019, during which time she also served as interim president of the World Bank Group for three months.
She previously served at the European Commission as Commissioner for International Cooperation, Humanitarian Aid and Crisis Response, and as vice president for Budget and Human Resources. ■
Tags:
Reprint:Friends are welcome to share on the Internet, but please indicate the source of the article when reprinting it.“Worldly Wisdom news portal”。http://puertorico.claboston.org/html-89e499846.html
Related articles
French cops drag pro
healthPolice moved in to clear dozens of protesters who had set up tents in a courtyard at the Sorbonne Un ...
【health】
Read moreHannah Waddingham looks incredible in pink tweed co
healthHannah Waddingham looked incredible as she welcomed the Sun Princess cruise ship in Barcelona, Spain ...
【health】
Read moreNicole Brown's sister says she 'knows' OJ Simpson was guilty but has 'forgiven' him
healthNicole Brown Simpson's sister 'forgave' OJ Simpson before his death, despite being convinced he was ...
【health】
Read more
Popular articles
- Former Spain coach Del Bosque to head the commission overseeing beleaguered soccer federation
- Kourtney Kardashian, 45, shows off her incredible post
- Lions agree to contract extensions with St. Brown and Sewell worth combined $200M, AP source says
- New Orleans man pleads guilty in 2016 shooting death of Jefferson Parish deputy
- Judge clears former Kentucky secretary of state Alison Lundergan Grimes of ethics charges
- Brad Pitt and Ines de Ramon are struggling to 'move forward' while his EIGHT
Latest articles
EMMA COWING: Humza Yousaf's obsession with gender politics showed an absolute contempt for women
Lions agree to contract extensions with St. Brown and Sewell worth combined $200M, AP source says
Penn State's leading receiver KeAndre Lambert
Bengals pick up fifth
Alicia Keys, Brian d’Arcy James, Daniel Radcliffe and more react to earning Tony Award nominations
With an assist from the Denver Broncos, Colorado becomes 11th state to sanction girls flag football
LINKS
- Revealed: Soaring number of Scots paying £100 to see a GP
- China's top political advisory body starts annual session
- How Phish is using the Las Vegas Sphere's technology
- Chinese vice premier stresses speeding up sci
- Terry Anderson, AP reporter abducted in Lebanon and held captive for years, has died at 76
- Horrifying moment caregiver, 26, smacks 93
- The rainbow princess: Kate Middleton's stylish
- Global exhibitors seek opportunities at consumer expo in Hainan
- Stone carvings found inside cave of China's Longmen Grottoes
- Andy Ruiz's ex