Bulgaria's Kristalina Georgieva is the new head of the International Monetary Fund, making her the crisis lender's first boss from an emerging-market economy. More here:
WASHINGTON/SOFIA - Bulgarian economist Kristalina Georgieva was confirmed on Wednesday as managing director of the International Monetary Fund, the first person from an emerging-market economy to head the world’s crisis lender with its $1 trillion in resources.
She will face a host of challenges as the head of the IMF, including a global economic slowdown triggered by escalating trade tensions between the United States and China, and historically high debt levels. Georgieva said her priority would be to help the bank’s 189 member countries minimize risks. The bank would aim to be attentive to all members, big or small, she added.
The world’s “major advanced economies continue to view the key international financial institutions as their fiefdoms,” he said. Georgieva replaces Christine Lagarde, who became the first woman to head the IMF when she took the helm in 2011. Lagarde, 63, guided the lender through the European sovereign debt crisis, which began about a month after she took office. She is departing to head the European Central Bank.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
World Bank's Georgieva to be first IMF chief from emerging economyBulgarian economist Kristalina Georgieva is expected to be confirmed on Wednesda...
Read more »
UN chief: World faces 'unprecedented threat' from terrorismU.N. Secretary-General Antonio Guterres warns that the world is facing 'an unprecedented threat from intolerance, violent extremism and terrorism' that affects every country, exacerbating conflicts and destabilizing entire regions.
Read more »
‘Jurassic Park’ Trio Laura Dern, Sam Neill & Jeff Goldblum Returning For ‘Jurassic World 3’EXCLUSIVE: For Jurassic World 3, Universal Pictures will bring back original Jurassic Park stars Laura Dern, Sam Neill and Jeff Goldblum to star alongside Chris Pratt and Bryce Dallas Howard, sourc…
Read more »
‘Jurassic World 3’ Bringing Back Laura Dern, Jeff Goldblum and Sam NeillLaura Dern, Jeff Goldblum and Sam Neill are returning to the world of the dinosaurs in the upcoming “Jurassic World 3.” The trio, who all appeared in the original “Jurassic Park&…
Read more »
How 7 Vogue Editors Pack for Fashion Weeks Around the WorldSeven Vogue editors divulge their travel tips, tailored to the cities they cover.
Read more »
World stocks are tumbling on fears of a Trump impeachment inquiry and China trade snags'Markets won’t like the uncertainty it brings, In previous instances (Nixon, Clinton) there has been rockiness for equities and the dollar.'
Read more »