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IMF Confirms Kristalina Georgieva For Second 5-Year Term

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International Monetary Fund Managing Director, Kristalina Georgieva, speaks during the IMF annual Fall meeting at IMF headquarters in Washington, DC, on October 12, 2022. The IMF executive board confirmed Friday that it had reappointed Kristalina Georgieva to serve for a second five-year term at the helm of the international financial institution.

Under a controversial, decades-old agreement between Europe and the United States, the International Monetary Fund has historically been led by a European, and the World Bank by a US citizen.This 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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