New imf president

The International Monetary Fund (IMF) has a new President, Kristalina Georgieva, who took office on October 1, 2019. She is the first woman to hold the position and the second Bulgarian to lead the IMF after Stanislas Klose-Ganoub.

Here are some key facts about Kristalina Georgieva:

  1. Background: Georgieva was born in 1953 in Sofia, Bulgaria. She holds a Ph.D. in Economics from the University of National and World Economy in Sofia.
  2. Career: Before joining the IMF, Georgieva had a distinguished career in international development, including serving as Chief Executive Officer of the World Bank (2017-2019), Managing Director of the World Bank (2012-2017), and Deputy Mayor of Sofia (2005-2009).
  3. IMF tenure: Georgieva was appointed as the 11th Managing Director of the IMF by the IMF Executive Board on September 25, 2019. She succeeded Christine Lagarde, who became the President of the European Central Bank.
  4. Priorities: Georgieva has emphasized the need for the IMF to adapt to a rapidly changing global economy, focusing on issues such as climate change, inequality, and the impact of technological disruption on jobs and economies. She has also stressed the importance of strengthening international cooperation and promoting economic stability.
  5. Reform agenda: Georgieva has launched a comprehensive reform agenda at the IMF, aimed at improving the organization's effectiveness, increasing transparency, and enhancing its ability to respond to emerging challenges. This includes reforms to the IMF's governance structure, its lending policies, and its capacity to provide technical assistance to member countries.
  6. Leadership style: Georgieva is known for her collaborative leadership style, which emphasizes building consensus and fostering partnerships among stakeholders. She has also been praised for her ability to bring people together and find creative solutions to complex problems.

Overall, Kristalina Georgieva brings a unique combination of experience, expertise, and leadership skills to the IMF, and is well-positioned to navigate the organization through the challenges and opportunities of the 21st century.