Kristalina Georgieva was re-elected as IMF president – Last Minute Economic News

It was announced that Kristalina Georgieva was re-elected as the head of the International Monetary Fund (IMF).

In the statement made by the IMF, it was stated that the Board of Executive Directors selected Georgieva to serve as the IMF president for the second 5-year period as of October 1.

In the statement, which stated that the decision was taken unanimously, it was noted that Georgieva’s “strong and agile” leadership in dealing with a series of major global shocks during her term of office was appreciated.

The statement said the board is focused on strengthening Georgieva’s support of the fund’s members through effective policy advice, capacity building and financing.

Georgieva, in her statement after being re-elected as the head of the IMF, stated that she was honored to continue her duty as president for the second 5-year term.

Pointing out that the IMF has helped member countries in recent years to cope with successive shocks, including pandemics, wars and conflicts, and the cost of living crisis, Georgieva said that in parallel with its increasing importance in terms of macroeconomic and financial stability, growth and employment, climate change, fragility and He stated that he has also accelerated his work on conflict and digital transformation.

Georgieva stated that the IMF’s financial support, policy recommendations and capacity building works contribute to the capacity of countries to cope with high uncertainty and sudden changes in economic conditions, and that they strive to create a more “effective, sharp and sincere” environment for countries to come together and overcome global challenges. He stated that they will continue.

HE HAS HIS OFFICE SINCE 2019

Georgieva, a Bulgarian citizen, has been the head of the IMF since 2019.

Georgieva previously served in various positions at the World Bank and the European Commission.

Georgieva, whose five-year term will expire on September 30, was nominated as the only candidate in the election process of the fund’s next president.