Current location:travel >>
Kristalina Georgieva to serve second term as IMF managing director
travel9693People 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.“International Inklings news portal”。http://spratlyislands.spaceforanything.com/article-90b099834.html
Related articles
Kid Rock 'uses N
travelKid Rock wielded a gun, hurled racial slurs, and instigated a physical altercation with a reporter, ...
【travel】
Read moreUN Security Council adopts first cease
travelThe United Nations Security Council on Monday adopted a resolution demanding an immediate cease-fire ...
【travel】
Read moreChina intensifies efforts for cease
travelChina has intensified its calls for an immediate cease-fire in Gaza as the government's special envo ...
【travel】
Read more
Popular articles
Latest articles
National Television Awards 2024 nominations: Michelle Keegan and Leo Woodall go head
Xi, Biden agree to advance cooperation
Xi extends condolences to Putin over deadly Moscow concert hall terror attack
UN Security Council adopts first cease
These hilarious notices will make you do a double take
China intensifies efforts for cease
LINKS
- Barcelona to get floating desalination plant to help fight drought in northeastern Spain
- The Dolphins have a 1st
- Dropping the ball: Jags hope to end decades of ineptitude when it comes to drafting receivers early
- REVEALED: NBC 'plans to put heart
- Fire in truck carrying lithium ion batteries leads to 3
- Hilarious voice to text messages that'll make you wish people still used landlines
- Republicans file lawsuit challenging Evers's partial vetoes to literacy bill
- Hanna and Haley Cavinder say they're returning for last season at Miami
- Musicians pay tribute to Allman Brothers guitarist Dickey Betts after death at 80
- Temporary 911 outages reported in Nebraska, Texas and other states