IMF Executive Board Selects Kristalina Georgieva as Managing Director
IMF News, September 25, 2019
Source details
- Canonical URL
- IMF Executive Board Selects Kristalina Georgieva as Managing Director
Other formats
Bibliographic details
- Published: September 25, 2019
Selection and term
- The Executive Board of the International Monetary Fund (IMF) selected Kristalina Georgieva to serve as IMF Managing Director and Chair of the Executive Board.
- Term: five-year term starting on October 1, 2019.
- Press Release No.: 19/351.
- Announcement date: September 25, 2019.
Significance
- Ms. Georgieva is the first person from an emerging market economy to lead the IMF since its inception in 1944.
Selection process
- The selection was conducted by the 24-member Executive Board representing the IMF’s 189 member countries.
- The selection process was initiated by the Executive Board on July 26, 2019 (see Press Release No. 19/302).
- Following interviews with Ms. Georgieva, Executive Directors selected her for the position, effective October 1.
Role and institutional context
- The Managing Director is the chief of the IMF’s operating staff and Chair of the Executive Board.
- The Managing Director is assisted by four Deputy Managing Directors in the operation of the Fund.
- The Fund serves its membership through about 2,700 staff.
Professional background of Kristalina Georgieva
- Nationality: Bulgaria.
- Position before selection: Chief Executive Officer of the World Bank since January 2017.
- Interim roles: Interim President for the World Bank Group from February 1, 2019 to April 8, 2019.
- Previous roles: Starting in 2010, served at the European Commission as Commissioner for International Cooperation, Humanitarian Aid and Crisis Response, then as Vice President for Budget and Human Resources.
- Academic credentials: Ph.D. in Economic Science and a M.A. in Political Economy and Sociology from the University of National and World Economy in Bulgaria.
- Academic experience: Taught at the University of National and World Economy from 1977 to 1991.
Media and contact information
- IMF Communications Department; Media Relations.
- Press officer contact: Phone: +1 202 623-7100 Email: MEDIA@IMF.org
- Social media: @IMFSpokesperson
- Email notification sign-up available for notices when new series and/or country items are posted on the IMF website.
International Monetary Fund
Content in this bundle
- Kristalina Georgieva, IMF Managing Director Contract, September 25, 2019
