Current location:health >>
Kristalina Georgieva to serve second term as IMF managing director
health76People 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.“Stellar Storyline news portal”。http://svalbard.popular-vines.com/html-01b199912.html
Related articles
California congressman urges closer consultation with tribes on offshore wind
healthA congressman who represents California’s north coast has sent a letter to federal regulators asking ...
【health】
Read more(HKSAR 25) Feature: Hong Kong Palace Museum
healthPhoto taken on June 28, 2022 shows the exhibit "vase with dragons among clouds" to be displayed at t ...
【health】
Read moreWhen Chinese martial arts, Western contemporary dance converge
healthDancers from the Sydney Dance Company perform during a cultural exchange event in Sydney, Australia, ...
【health】
Read more
Popular articles
- Verona confirms Serie A status for another year after beating Salernitana
- We gifted President Xi a ticket for Mombasa
- Chinese publications draw attention at Frankfurt Book Fair
- Xinhua Headlines: Xi's APEC Trip to Pilot China
- Brazil replaces injured goalkeeper Ederson in Copa America squad
- Various events introduced for students at museums in Xi'an
Latest articles
Red Lobster seeks bankruptcy protection after closing some restaurants
5th World Sichuan Cuisine Conference held in SW China
Across China: German vlogger amazed by China's ethnic cultures
North China's largest freshwater lake reflects conservation benefits
Candice Swanepoel stuns in a form
Vietnam mulls own territorial line in Tonkin Gulf — Radio Free Asia
LINKS
- HK textbooks on territorial sovereignty should meet national standards: education association chief
- Australian freshwater crayfish bring fresh vitality to rural Xinjiang
- Number of Nanjing Massacre survivors down to 36
- Vital China on the move
- China files over 1,000 new undergraduate education programs in 2023
- Feature: China
- Sudan: Aid groups warn of mass death from hunger
- China further streamlines mobile payments for foreigners
- Sudan: Aid groups warn of mass death from hunger
- China files over 1,000 new undergraduate education programs in 2023