Kristalina Georgieva’s was announced as the International Monetary Fund’s Managing Director ofir the second term.
In this role, she serves as both Chairperson of the Executive Board and Head of IMF staff.
Kristalina Georgieva has been serving as Managing Director of the International Monetary Fund since October 1, 2019.
In April 2024, the IMF’s Executive Board appointed her for a second term, which started on October 1, 2024.
In her first term, Ms. Georgieva led the IMF’s response to multiple global shocks: the pandemic, war, and an inflation surge.
During that time, the IMF injected about $1 trillion in reserves and liquidity, including through an historic $650 billion allocation of SDRs, and engaged in lending to nearly 100 member countries. It adopted a first-ever climate strategy and created the Fund’s first long-term lending instrument – the Resilience and Sustainability Trust. In 2023, the IMF completed its 16th Review of Quota, resulting in an agreement to increase quota shares to member countries by 50 percent on an equi-proportional basis.
Georgieva’s tenure at the IMF has also been marked by progress on diversity, equity and inclusion, including the addition of a third Sub-Saharan African Chair to the IMF Board and increased regional diversity and gender balance among IMF management and staff.
Before joining the IMF, she was the CEO 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.
Previously, Ms. Georgieva helped shape the agenda of the European Union while serving as European Commission Vice President for Budget and Human Resources.
In this capacity she oversaw the EU’s €161 billion (US $175bn) budget and 33,000 staff, as well as the EU’s response to the Euro Area debt crisis and the 2015 refugee crisis. Before that, she was Commissioner for International Cooperation, Humanitarian Aid and Crisis Response, managing one of the world’s largest humanitarian aid budgets.
Born in Sofia, Bulgaria, in 1953, Georgieva holds a Ph.D in Economic Science and a M.A. in Political Economy and Sociology from the University of National and World Economy, Sofia, where she was an Associate Professor between 1977 and 1993.
Picture: IMF Blog