Tags: EU | International Monetary Fund

Europe Pushes World Bank Official Georgieva for Top IMF Job

Europe Pushes World Bank Official Georgieva for Top IMF Job

Friday, 02 August 2019 06:37 PM EDT

FRANKFURT, Germany (AP) — European governments have decided to put forward World Bank official Kristalina Georgieva from Bulgaria as their candidate to replace Christine Lagarde as head of the Washington-based International Monetary Fund.

Georgieva prevailed in a vote Friday among EU governments over former Netherlands finance minister Jeroen Dijsselbloem, according to tweets from French Finance Minister Bruno Le Maire and European Commission President Jean-Claude Juncker.

Europe traditionally nominates the head of the IMF while a U.S. candidate becomes president of the World Bank, under a long-standing informal arrangement.

The IMF executive board must choose a replacement for Lagarde, who has been nominated to head the European Central Bank and resigned effective Sept. 12. The 189-country IMF, a key international financial institution, provides members with economic advice and financial assistance.

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European governments have decided to put forward World Bank official Kristalina Georgieva from Bulgaria as their candidate to replace Christine Lagarde as head of the Washington-based International Monetary Fund.Georgieva prevailed in a vote Friday among EU governments over...
EU,International Monetary Fund
128
2019-37-02
Friday, 02 August 2019 06:37 PM
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