Kristalina Georgieva Reappointed as IMF Managing Director for Second Term
Kristalina Georgieva has been reappointed as Managing Director of the International Monetary Fund (IMF), beginning her second five-year term on October 1, 2024.
The IMF’s Executive Board confirmed the decision on April 12, 2024, citing her influential leadership since taking on the role on October 1, 2019.
Georgieva brings a deep well of experience, having previously served as CEO of the World Bank from January 2017 to September 2019, including a three-month stint as Interim President.
Her distinguished career spans senior roles in the European Commission, where she served as Vice President for Budget and Human Resources.
In this role, she managed the EU’s €161 billion budget and oversaw responses to critical events like the Euro Area debt crisis and the 2015 refugee crisis.
Starting her career in 1993 as an environmental economist at the World Bank, Georgieva advanced through several key positions, including Director for Sustainable Development and Vice President and Corporate Secretary.
She has been a driving force in shaping international policy, focusing on humanitarian aid, environmental sustainability, and economic development. She has also authored over 100 publications on economic and environmental policy.
In addition to her work with the IMF and World Bank, Georgieva has played a vital role in global initiatives. She co-chairs the Global Commission on Adaptation and serves on the United Nations Secretary-General’s High-Level Panel on Humanitarian Financing.
Born in Sofia, Bulgaria, in 1953, Georgieva holds a Ph.D. in Economic Science and an M.A. in Political Economy and Sociology from the University of National and World Economy in Sofia.
Her contributions to global leadership and humanitarian efforts have earned her numerous awards, including the Atlantic Council’s Distinguished International Leadership Award in 2020.
Her reappointment comes at a pivotal time, as the global economy grapples with challenges like inflation and geopolitical tensions. Under her continued leadership, the IMF is expected to play a key role in addressing these issues and fostering global economic stability.
