Kristalina Georgieva

Kristalina Georgieva
Кристалина Георгиева
Official portrait, 2019
12th Managing Director of the International Monetary Fund
Assumed office
1 October 2019
Deputy
Preceded byChristine Lagarde
President of the World Bank Group
Acting
1 February 2019 – 8 April 2019
Preceded byJim Yong Kim
Succeeded byDavid 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 byPosition established
Succeeded byAnshula Kant (managing director)
Vice-President of the European Commission
In office
1 November 2014 – 31 December 2016
Serving with 6 European Commissioners
PresidentJean-Claude Juncker
Preceded by11 European Commissioners
Succeeded by8 European Commissioners
European Commissioner for Budget and Human Resources
In office
1 November 2014 – 31 December 2016
PresidentJean-Claude Juncker
Preceded byJacek Dominik
Succeeded byGünther Oettinger
European Commissioner for International Cooperation, Humanitarian Aid and Crisis Response
In office
9 February 2010 – 1 November 2014
PresidentJosé Manuel Barroso
Preceded byKarel De Gucht
Succeeded byChristos Stylianides
Personal details
Born
Kristalina Ivanova Georgieva

(1953-08-13) 13 August 1953 (age 70)
Sofia, Bulgaria
SpouseKino Kinov
Children1
Alma materUniversity of National and World Economy (BA, MA, PhD)
Signature
Georgieva speaking at the 2024 World Economic Forum

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 ForbesList of the Most Powerful Women in 2023.[14]

  1. ^ "Who is Kristalina Georgieva?". FOCUS News Agency. 19 January 2010. Archived from the original on 21 October 2013. Retrieved 19 January 2010.
  2. ^ David J. Lynch,"IMF chief cites her life behind Iron Curtain in warning of new Cold War". washingtonpost.com. 20 August 2023. Retrieved 15 July 2024.
  3. ^ "A Life of Pursuit of Service". imf.org. Retrieved 15 July 2024.
  4. ^ "PHASING OUT LEAD FROM GASOLINE IN CENTRAL AND EASTERN EUROPE (p. vii refers to KG as the manager)" (PDF). documents1.worldbank.org. Retrieved 15 July 2024.
  5. ^ "Kristalina Georgieva - Full CV" (PDF). europarl.europa.eu. Retrieved 15 July 2024.
  6. ^ Naharnet Newsdesk,"Haiti is Recovering, Leader Tells Quake Ceremony". naharnet.com. 12 July 2013. Retrieved 15 July 2024.
  7. ^ "Kristalina Georgieva Managing Director, International Monetary Fund". bruegel.org. 6 September 2022. Retrieved 15 July 2024.
  8. ^ a b Xin En Lee,"Meet the first CEO of the World Bank: She's made the bank the strongest it's ever been financially". cnbc.com. 13 February 2018. Retrieved 15 July 2024.
  9. ^ Sophie Edwards,"The World Bank's new CEO Kristalina Georgieva lays out her vision for an agile bank". devex.com. 17 April 2017. Retrieved 15 July 2024.
  10. ^ "Kristalina Georgieva becomes interim president". timeline.worldbank.org. 1 February 2019. Retrieved 15 July 2024.
  11. ^ "IMF deploys $1 trillion in global liquidity, reserves". newbusinessethiopia.com. 7 October 2023. Retrieved 15 July 2024.
  12. ^ "Kristalina Georgieva to head IMF for a second term". ft.com. Retrieved 15 July 2024.
  13. ^ "Bulgaria's Georgieva climbs from communism to IMF head hopeful". reuters.com. 3 August 2019. Retrieved 15 July 2024.
  14. ^ "The World's 100 Most Powerful Women". forbes.com. Retrieved 15 July 2024.

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