The Executive Board of the International Monetary Fund has approved the appointment of Ms. Kristalina Georgieva as the Fund’s Managing Director for a second five-year term beginning from October 1.In her acceptance speech, she said: “I am deeply grateful for the trust and support of the Fund’s executive board, representing our 190 members and honoured to continue to lead the IMF as Managing Director for a second five-year term.
“The IMF’s financial support, policy advice and capacity development work – delivered by our exceptional staff -have contributed to countries’ capacity to deal with high uncertainty and abrupt shifts in economic conditions.“We are and will remain a transmission line of good policies for our members and will continue to strive to be more effective, incisive and a welcoming place for countries to come together to tackle global challenges.
“Under her leadership, the Fund introduced innovative new financing facilities, including the Resilience and Sustainability Facility and the Food Shock Window. It replenished the Poverty Reduction and Growth Trust, with the capacity to mobilise concessional loans to its poorest members, and co-created the Global Sovereign Debt Roundtable.”
It recognises her focus on strengthening the Fund’s support to its members through effective policy advice, capacity development and financing. The Board looks forward to continuing to work closely with the Managing Director.”
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