The announcement was made just before IMF and World Bank spring meetings in Washington next week, which are expected to draw thousands of delegates, observers and journalists from the fund’s 190 member countries. Now that it’s known Georgieva will stay on as the IMF’s managing director, visitors can focus on economic issues rather than the IMF’s internal workings.
Kristalina Georgieva won a second five-year term as the head of the International Monetary Fund, allowing her to continue leading the crisis lender as it confronts challenges including lower global growth prospects, climate change and distressed debt in developing nations.
The decision came after several discussions between Georgieva, who was the sole candidate for the job, and the IMF executive board, the fund said in a statement Friday afternoon. The board commended Georgieva’s “strong and agile leadership” and said that it looks forward to continuing to work with her.
