Georgieva Confirmed for IMF Managing Director Reappointment... Sole Candidate Registered for Next Managing Director

Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF), whose first term ends this September, has virtually secured her reappointment.

On the 4th (local time), the IMF confirmed that only one candidate, the Managing Director herself, had registered as a candidate for the successor position by the deadline for applications the previous day.

Kristalina Georgieva, IMF Managing Director Photo by Yonhap News

Georgieva's term ends on September 30. With her registration as the sole candidate, it is expected that she will continue for a second term.

Georgieva, 70 years old this year, is originally from Bulgaria. She has the support of major countries including the European Union (EU). The United States and Europe traditionally divide the leadership roles of the World Bank (WB) and the IMF.

The IMF Board plans to complete the appointment process for the next Managing Director within this month.

AFP reported, "During Georgieva's tenure, the IMF has provided financial support to countries suffering from the COVID-19 pandemic, while also continuing assistance to European countries affected by Russia's invasion of Ukraine."

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