The CEO of International Monetary Fund (IMF), Kristalina Georgievaand the sole candidate proposed by member states for his succession, the board of directors of the Washington-based financial institution announced Thursday.
“The Board of Directors will continue the nomination process, with an interview of candidate Georgieva by members of the Board. The aim is finish the process as soon as possibleat the end of April,” the International Monetary Fund said in a statement.
The director of the Fund had told the AFP agency in mid-March that she was “available” to continue leading the institution, after having received the support of the finance ministers of the European Union (EU) a few days earlier.
The current mandate of the Bulgarian economist will end on September 30.
His succession in office it could be made official in the next few dayseven before the meetings of the International Monetary Fund and the World Bank which will be held from 15 to 19 April in Washington.
Traditionally, European countries appoint the managing director of the IMF and the United States does the same with the president of the World Bank (WB).
Although this is a system challenged by major emerging countries, the distribution of capital in these two institutions favors the US and the EU.
The new president of the World Bank, Ajay Banga, was appointed a year ago following a similar procedure.
Source: Clarin
