April 6, 2020 | 3:33 PM IST

Bulgaria’s Kristalina Georgieva becomes second woman ever to lead IMF

World Bank’s top executive Kristalina Georgieva from Bulgaria is all set to replace former Chief of International Monetary Fund (IMF), Christine Lagarde. The IMF formally announced on Monday that Georgieva was the sole candidate to lead the fund. The nomination period officially closed on Friday after the fund formally lifted the age limit of 65 years for its leadership paving way for the 66-year-old.
The 63-year-old Lagarde vacated the post to lead the European Central Bank recently. The IMF board released a statement saying, “The board’s goal is to complete the selection process as soon as possible and at the latest by October 4, 2019.
Georgieva now stands officially unopposed and would be the second woman to hold the post.  The IMF’s executive board will now soon hold meetings with Georgieva.

Basically an economist, Georgieva has served as Bulgaria’s European Union (EU) commissioner from 2010 and served as a vice president for budget and human resources from 2014 to 2016 after which she became a leading candidate to become UN secretary-general before using out to former Portuguese premiere Antonio Guterres.

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