## 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](https://www.imf.org/en/news/articles/2019/09/25/pr19351-imf-executive-board-selects-kristalina-georgieva-as-managing-director)

## Other formats

- [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)

## Bibliographic details
- Published: September 25, 2019

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### 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*

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## Content in this bundle

- **Kristalina Georgieva, IMF Managing Director Contract, September 25, 2019**
  - [Kristalina Georgieva, IMF Managing Director Contract, September 25, 2019 (Markdown version)](/-/media/files/news/press-release/2019/md-contract-september-25-2019.pdf.md){rel="alternate" type="text/markdown"}
  - [Kristalina Georgieva, IMF Managing Director Contract, September 25, 2019 (PDF)](/-/media/files/news/press-release/2019/md-contract-september-25-2019.pdf){rel="external" type="application/pdf"}

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## References

- [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)

_Source: https://www.imf.org/en/news/articles/2019/09/25/pr19351-imf-executive-board-selects-kristalina-georgieva-as-managing-director_