Bulgarian economist Georgieva to lead IMF
Bulgarian economist Kristalina Georgieva. File photo: EFE-EPA
Washington (EPA-EFE).- Bulgarian economist Kristalina Georgieva was chosen Wednesday to succeed Christine Lagarde as managing director of the International Monetary Fund.
"The IMF is a unique institution with a great history and a world-class staff. I come as a firm believer in its mandate to help ensure the stability of the global economic and financial system through international cooperation," the former European Commission vice president said in a statement.
"It is a huge responsibility to be at the helm of the IMF at a time when global economic growth continues to disappoint, trade tensions persist, and debt is at historically high levels," Georgieva said.
"Our immediate priority is to help countries minimize the risk of crises and be ready to cope with downturns. Yet, we should not lose sight of our long-term objective - to support sound monetary, fiscal and structural policies to build stronger economies and improve people's lives," she said.
Georgieva, 66, will begin her five-year term as managing director on Oct. 1.