The sole female candidate leading the IMF


The sole female candidate leading the IMF

The International Monetary Fund has reported that the current Director-General, Kristalina Georgieva, is the sole candidate to lead the organization in the upcoming years. Georgieva, who took over the position from Christine Lagarde in 2019, is now in line to succeed herself. The IMF will proceed with the selection process, including a meeting between Georgieva and the board of directors. The goal is to finalize the process by the end of April for a five-year term, as Georgieva’s current mandate expires at the end of September.

Sources suggest that the decision to renew Georgieva’s mandate could be made in the next few days, possibly before the traditional spring meeting of the IMF and World Bank scheduled for April 15-19. It has been customary for a European to lead the IMF and an American to lead the World Bank, but there are growing challenges to this tradition from major emerging economies like China and India. Despite this, Georgieva appears to be on track to continue as the head of the IMF for another term.

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