Bulgarian Kristalina Georgieva selected by EU for IMF top job

epa07268158 (FILE) - World Bank Chief Executive Officer Kristalina Georgieva listens to a speech during a panel titled 'Beyond the Grand Bargain, two years on taking stock of the recommendations of the UN High Level Panel's Report on Humanitarian Financing', at the European headquarters of the United Nations in Geneva, Switzerland, 07 March 2018 (reissued 07 January 2019). The World Bank on 07 January 2019 confirmed Georgieva as interim president for the World Bank to succeed its current president Jim Yong Kim. EPA-EFE/SALVATORE DI NOLFI

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Kristalina Georgieva, the Bulgarian chief executive of the World Bank, has been picked as Europe’s choice to lead the International Monetary Fund (IMF) after a divisive 14-hour round of voting that split EU capitals and descended into fierce recriminations.

The governments picked their candidate after two rounds of voting and prolonged negotiations. Georgieva defeated Dutch candidate Jeroen Dijsselbloem to get the backing of the 28 EU member states.

Georgieva has been chief executive of the World Bank since 2017.

EU Commission president Jean-Claude Juncker congratulated Georgieva saying she had all the qualifications to lead the IMF.

Other world powers are expected to pick candidates by September. The IMF plans to select its new head by Oct. 4.

 

Via Financial Times/ Wall Street Journal

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