{ "title": "IMF Executive Board Selects Kristalina Georgieva as Managing Director", "publication": "IMF News, September 25, 2019", "sourceUrl": "https://www.imf.org/en/news/articles/2019/09/25/pr19351-imf-executive-board-selects-kristalina-georgieva-as-managing-director", "canonical": "https://www.imf.org/en/news/articles/2019/09/25/pr19351-imf-executive-board-selects-kristalina-georgieva-as-managing-director", "overlayPath": "/en/news/articles/2019/09/25/pr19351-imf-executive-board-selects-kristalina-georgieva-as-managing-director/index.md", "summary": "The Executive Board of the International Monetary Fund (IMF) today selected Kristalina Georgieva to serve as IMF Managing Director and Chair of the Executive Board for a five-year term starting on October 1, 2019. Ms.", "publishDate": "2019-09-25", "sections": [ { "heading": "Selection and term", "content": "- The Executive Board of the International Monetary Fund (IMF) selected Kristalina Georgieva to serve as IMF Managing Director and Chair of the Executive Board.\n- Term: five-year term starting on October 1, 2019.\n- Press Release No.: 19/351.\n- Announcement date: September 25, 2019." }, { "heading": "Significance", "content": "- Ms. Georgieva is the first person from an emerging market economy to lead the IMF since its inception in 1944." }, { "heading": "Selection process", "content": "- The selection was conducted by the 24-member Executive Board representing the IMF’s 189 member countries.\n- The selection process was initiated by the Executive Board on July 26, 2019 (see Press Release No. 19/302).\n- Following interviews with Ms. Georgieva, Executive Directors selected her for the position, effective October 1." }, { "heading": "Role and institutional context", "content": "- The Managing Director is the chief of the IMF’s operating staff and Chair of the Executive Board.\n- The Managing Director is assisted by four Deputy Managing Directors in the operation of the Fund.\n- The Fund serves its membership through about 2,700 staff." }, { "heading": "Professional background of Kristalina Georgieva", "content": "- Nationality: Bulgaria.\n- Position before selection: Chief Executive Officer of the World Bank since January 2017.\n- Interim roles: Interim President for the World Bank Group from February 1, 2019 to April 8, 2019.\n- 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.\n- 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.\n- Academic experience: Taught at the University of National and World Economy from 1977 to 1991." }, { "heading": "Media and contact information", "content": "- IMF Communications Department; Media Relations.\n- Press officer contact: Phone: +1 202 623-7100 Email: MEDIA@IMF.org\n- Social media: @IMFSpokesperson\n- Email notification sign-up available for notices when new series and/or country items are posted on the IMF website.\n\nInternational Monetary Fund\n\n---\n\n Content in this bundle\n\n- Kristalina Georgieva, IMF Managing Director Contract, September 25, 2019\n - Kristalina Georgieva, IMF Managing Director Contract, September 25, 2019 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n - Kristalina Georgieva, IMF Managing Director Contract, September 25, 2019 (PDF){rel=\"external\" type=\"application/pdf\"}\n\n---\n\n References\n\n- https://www.imf.org/-/media/images/imf/bios/imfboard.jpg\n- The Executive Board\n- Bulgaria and the IMF\n- Press Releases\n- PRESS CENTER\n- Press Release No. 19/302\n- https://www.imf.org/en/home\n\nSource: https://www.imf.org/en/news/articles/2019/09/25/pr19351-imf-executive-board-selects-kristalina-georgieva-as-managing-director" } ], "bullets": [ "[Markdown version](/en/news/articles/2019/09/25/pr19351-imf-executive-board-selects-kristalina-georgieva-as-managing-director/index.md)", "[Structured JSON version](/en/news/articles/2019/09/25/pr19351-imf-executive-board-selects-kristalina-georgieva-as-managing-director/index.json)", "[Bundle manifest](/en/news/articles/2019/09/25/pr19351-imf-executive-board-selects-kristalina-georgieva-as-managing-director/bundle-manifest.json)", "Published: September 25, 2019", "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.", "Ms. Georgieva is the first person from an emerging market economy to lead the IMF since its inception in 1944.", "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.", "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.", "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.", "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.", "**Kristalina Georgieva, IMF Managing Director Contract, September 25, 2019**", "[https://www.imf.org/-/media/images/imf/bios/imfboard.jpg](https://www.imf.org/-/media/images/imf/bios/imfboard.jpg)", "[The Executive Board](https://www.imf.org/external/np/sec/memdir/eds.aspx)", "[Bulgaria and the IMF](http://www.imf.org/external/country/BGR/index.htm)", "[Press Releases](https://www.imf.org/en/news/searchnews)", "[PRESS CENTER](http://presscenter.imf.org/)", "[Press Release No. 19/302](https://www.imf.org/en/News/Articles/2019/07/26/pr19302-imf-executive-board-initiates-selection-process-for-the-next-managing-director)", "[https://www.imf.org/en/home](https://www.imf.org/en/home)" ], "related": [ { "title": "Kristalina Georgieva, IMF Managing Director Contract, September 25, 2019", "role": "document", "sourceUrl": "https://www.imf.org/-/media/files/news/press-release/2019/md-contract-september-25-2019.pdf", "summary": { "path": "/-/media/files/news/press-release/2019/md-contract-september-25-2019.pdf.md", "mime": "text/markdown" }, "binary": { "path": "/-/media/files/news/press-release/2019/md-contract-september-25-2019.pdf", "mime": "application/pdf" } } ], "alternates": { "markdown": "/en/news/articles/2019/09/25/pr19351-imf-executive-board-selects-kristalina-georgieva-as-managing-director/index.md", "json": "/en/news/articles/2019/09/25/pr19351-imf-executive-board-selects-kristalina-georgieva-as-managing-director/index.json", "bundleManifest": "/en/news/articles/2019/09/25/pr19351-imf-executive-board-selects-kristalina-georgieva-as-managing-director/bundle-manifest.json" }, "generatedAtUtc": "2026-09-25T23:06:02.499Z" }