Kristalina Georgieva | |
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Кристалина Георгиева | |
12th Managing Director of the International Monetary Fund | |
Assumed office 1 October 2019 | |
Deputy | |
Preceded by | Christine Lagarde |
President of the World Bank Group | |
Acting 1 February 2019 – 8 April 2019 | |
Preceded by | Jim Yong Kim |
Succeeded by | David Malpass |
Chief Executive of the World Bank Group | |
In office 2 January 2017 – 1 October 2019 On leave: 2 August 2019 – 1 October 2019 | |
President | |
Preceded by | Position established |
Succeeded by | Anshula Kant (managing director) |
Vice-President of the European Commission | |
In office 1 November 2014 – 31 December 2016 Serving with 6 European Commissioners | |
President | Jean-Claude Juncker |
Preceded by | 11 European Commissioners |
Succeeded by | 8 European Commissioners |
European Commissioner for Budget and Human Resources | |
In office 1 November 2014 – 31 December 2016 | |
President | Jean-Claude Juncker |
Preceded by | Jacek Dominik |
Succeeded by | Günther Oettinger |
European Commissioner for International Cooperation, Humanitarian Aid and Crisis Response | |
In office 9 February 2010 – 1 November 2014 | |
President | José Manuel Barroso |
Preceded by | Karel De Gucht |
Succeeded by | Christos Stylianides |
Personal details | |
Born | Kristalina Ivanova Georgieva 13 August 1953 Sofia, Bulgaria |
Spouse | Kino Kinov |
Children | 1 |
Alma mater | University of National and World Economy (BA, MA, PhD) |
Signature | |
Kristalina Ivanova Georgieva-Kinova (Bulgarian: Кристалина Иванова Георгиева-Кинова; née Georgieva; born 13 August 1953)[1] is a Bulgarian economist serving as the 12th managing director of the International Monetary Fund since 2019, and the first person from an emerging market economy to lead the institution. Born in Sofia, her university education was at London School of Economics (LSE), followed by a return to her native Bulgaria where she witnessed some of the economic hardships of the post-Communist transition.[2] She began her career by teaching economics, becoming a prominent figure in the field. [3]
Georgieva launched her international public service career at the World Bank Group in 1993, as one of the early thinkers on sustainable development and environmental policies. During her first period at the Bank, she played a key role in helping to phase out leaded gasoline in Central and Eastern Europe,[4] directing policies on infrastructure and urban development, and supporting fragile and conflict-affected countries.[5]
Serving as European Commissioner for International Cooperation, Humanitarian Aid, and Crisis Response from 2010 to 2014, Georgieva directed EU resources to aid those affected by crises including the 2010 Haiti earthquake.[6]
From 2014 to 2016, as Vice-President of the European Commission for Budget and Human Resources, she managed the EU's budget and staff, through the aftermath of the Euro Area debt crisis and during the 2015 refugee crisis.[7]
As the first Chief Executive Officer of the World Bank from 2017 to 2019,[8] Georgieva led significant reforms[9] and secured the largest funding increase in the Bank’s history, totaling $13 billion.[8] She also served as Acting President of the World Bank Group in 2019.[10]
At the IMF, Georgieva has helped steer the global economy through the COVID-19 pandemic, providing $1 trillion in liquidity and reserves,[11] integrating climate considerations into IMF policies, and increasing financial and policy support to vulnerable countries. She was reappointed for a second term in 2024.[12]
Georgieva has been hailed for her work on gender equality and climate change.[13] She is recognized as one of the most influential women globally, ranking 12th on Forbes’ List of the Most Powerful Women in 2023.[14]