Kristalina Georgieva selected for 2nd term as IMF managing director

By Diyar Guldogan

WASHINGTON (AA) - The Executive Board of the International Monetary Fund (IMF) on Friday selected Kristalina Georgieva to serve a second five-year term as managing director, starting on Oct. 1.

"In taking this decision, the Board commended Ms. Georgieva’s strong and agile leadership during her term, navigating a series of major global shocks," it said in a statement.

Georgieva was the only candidate in a leadership search.

Georgieva said she was "deeply grateful" and honored for the trust and support of the Fund’s Executive Board.

"In recent years, the IMF has helped our member countries to navigate successive shocks, including the pandemic, war and conflicts, and a cost-of-living crisis.

"We also stepped up our work on climate change, fragility and conflict, and the digital transition, in line with their increased significance for macroeconomic and financial stability, growth and employment," she said in a statement.

Georgieva said she looked forward to continuing to working with the IMF's "highly professional and committed" staff.