Kristalina Georgieva confirmed as IMF managing director

World bank chief exec says boosting fund’s financial strength and tackling crisis risk are priorities

Kristalina Georgieva
Kristalina Georgieva: new IMF MD

Kristalina Georgieva has been confirmed as the International Monetary Fund’s new managing director. She will take up the role on October 1, becoming the twelfth person to hold the position since the IMF’s creation in 1944.

The IMF executive board approved Georgieva for the role on September 25. The appointment process has run since early July, when outgoing IMF chief Christine Lagarde was nominated to become the next president of the European Central Bank.

Georgieva, who is Bulgarian, said in

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