IMF chief Georgieva says she would be ‘honoured’ to serve second term

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WASHINGTON, March 9 — IMF chief Kristalina Georgieva said yesterday she would be “honoured” to helm the Washington-based financial institution for a second five-year term...

Malaysian Bar president disappointed over ‘disrespect’ of Federal Court in Kelantan’s re-enactment plans, condemns death threats against Nik ElinSpeculation has swirled in recent months about whether Georgieva, a Bulgarian economist, might run again once her current term expires on September 30.

“If the broader membership agrees, I would be honoured to continue to serve as the IMF Managing Director,” she added.Speculation has swirled in recent months about whether Georgieva, a Bulgarian economist, might run again once her current term expires on September 30. In an interview earlier this year, Georgieva told AFP that 2024 will be “very tough year” for fiscal policy, as countries look to tackle debt burdens accumulated during the pandemic.Inflation is also likely to remain a challenge for many economies, including the United States, with central banks looking to loosen monetary policy without pushing up prices.

This unwritten arrangement was reaffirmed last year when the Biden administration nominated Ajay Banga, an Indian-born, naturalized US citizen, to run the World Bank, which sits just across the street from the IMF in Washington.

 

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