IMF Boss begins five-year second term

The Managing Director of International Monetary Fund (IMF) Ms Kristalina Georgieva began her second term of five years yesterday as she vows that the Fund will remain a transmission line of good policies for all member Countries.

Georgieva who expressed gratitude to the Fund’s Executive Board and representatives of the 190 member Countries for the trust and support given to her felt honored to continue to lead the IMF as Managing Director for a second five-year term.

In a statement issued by IMF Spokesperson, Georgieva recalled that
“In recent years, the IMF has helped our member countries to navigate successive shocks, including the pandemic, war and conflicts, and a cost-of-living crisis.

More specifically, she said that the Fund stepped up our work on climate change, fragility and conflict, and the digital transition, in line with their increased significance for macroeconomic and financial stability, growth and employment.

Georgieva pointed out the IMF’s financial support, policy advice and capacity development work—delivered by our exceptional staff—have contributed to countries’ capacity to deal with high uncertainty and abrupt shifts in economic conditions.

She averred the Fund will remain a transmission line of good policies for our members and will continue to strive to be more effective, incisive and a welcoming place for countries to come together to tackle global challenges”