Source: AFP
IMF chief Kristalina Georgieva said on Friday she would be “honoured” to lead the Washington-based financial institution for a second five-year term if re-nominated by member states.
“I have received words of support for the IMF’s work from many of our members in recent weeks,” Georgieva, 70, wrote in a statement on X, formerly Twitter.
“If the wider membership agrees, I would be honored to continue serving as managing director of the IMF,” she added.
Speculation has swirled in recent months about whether Georgieva, a Bulgarian economist, could run again once her current term ends on September 30.
Since taking office in 2019, the IMF has intervened on several occasions to support countries facing significant economic difficulties due to the Covid-19 pandemic and the economic impact of Russia’s invasion of Ukraine.
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Under a controversial, decades-old agreement between Europe and the United States, the International Monetary Fund has historically been run by a European and the World Bank by a US citizen.
That unwritten agreement was confirmed last year when the Biden administration nominated Indian-born, naturalized US citizen Ajay Banga to head the World Bank, which sits directly across the street from the IMF in Washington.
Georgieva has received support from key European allies in recent weeks, including French Finance Minister Bruno Le Maire, who told reporters on the sidelines of the G20 in Brazil that she was doing a “great job” managing the IMF.
Earlier on Friday, Bulgarian National Bank Governor Dimitar Radev said in a statement that he had spoken with Georgieva about running for a second term.
“I am pleased to report that she has confirmed that it would be an honor for her to do so, as long as she receives support from members of the IMF,” he said, words later echoed by Georgieva.
Source: AFP