Podcast in English
Text size
Bulgarian National Radio © 2024 All Rights Reserved

EU states back second term for IMF Chief Georgieva

Кристалина Георгиева
Photo: BTA
All 27 EU member states back Bulgaria's Kristalina Georgieva for a second term as head of the International Monetary Fund. The news was announced today by Belgian Deputy Prime Minister and Minister of Finance Vincent Van Peteghem after a meeting of EU economy and finance ministers in Brussels.

The unanimous backing is a “clear sign of the trust that we have in Kristalina”, who has “showed stronger leadership in the last couple of years, especially during unprecedented crisis", Belgian finance minister Vincent Van Peteghem told reporters.


Traditionally, the post of managing director of the IMF is occupied by a representative of Europe, while that of the World Bank - by a United States' representative. Support at European level is therefore key to the nomination. The final decision is taken by the Fund's Board of Executive Directors, which is made up of 24 members representing the votes of individual member countries.



Последвайте ни и в Google News Showcase, за да научите най-важното от деня!
Listen to the daily news from Bulgaria presented in "Bulgaria Today" podcast, available in Spotify.

More from category

Sunshine, high temperatures on Wednesday

The weather tomorrow will be mostly sunny. Cloudiness will increase in the afternoon from the west. Light to moderate winds will blow from the south-southeast.  Tomorrow's highs will be between 26°C and 31°C , in Sofia – around 26°C...

published on 9/24/24 7:35 PM
MEP Andrey Novakov (1st left).

MEP Andrey Novakov: Queues at the Bulgarian-Romanian border are not just a Bulgarian problem

Every truck waiting in long queues at the border costs its owner 200 euros a day. This is what Bulgarian GERB-SDS/EPP MEP Andrey Novakov said during a discussion on the issue. The Bulgarian Industrial Association is one of the organisers of the forum in..

published on 9/24/24 6:12 PM

Bulgaria and Romania's entry into Schengen by land borderes will be proposed on October 10

On October 10, the European Commissioner for Internal Affairs Ylva Johansson and the Minister of Internal Affairs of Hungary will propose to the Council of the EU that checks on the land borders of Bulgaria and Romania be abolished.   The..

published on 9/24/24 3:04 PM