Kristalina Georgieva Re-appointed as IMF Managing Director

  • Kristalina Georgieva has been re-appointed as the Managing Director (MD) of the International Monetary Fund (IMF) for a new 5-year term starting on 1 October 2024. She was the sole candidate nominated for the position this year, and her appointment was made by the IMF executive board.
  • The Board of Governors is the highest decision-making body of the IMF, consisting of one governor and one alternate governor from each member country. The Executive Board, with 24 Directors elected by member countries or groups of countries, handles the IMF’s day-to-day business. The Managing Director serves as the chairman of the Executive Board.

Also Read: Economy: Weekly Current Affairs Bitbank (February 19 to 25, 2024): With whom the Government of Goa has collaborated to establish a Blended Finance facility?

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