Kristalina Georgieva
Kristalina Georgieva | |
|---|---|
Кристалина Георгиева | |
Official portrait, 2019 | |
| 12th Managing Director of the International Monetary Fund | |
| Assumed office 1 October 2019 | |
| Deputy | |
| Preceded by | Christine Lagarde |
| President of the World Bank Group | |
| Acting 1 February 2019 – 8 April 2019 | |
| Preceded by | Jim Yong Kim |
| Succeeded by | David 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 by | Position established |
| Succeeded by | Position abolished |
| Vice-President of the European Commission | |
| In office 1 November 2014 – 31 December 2016 | |
| President | Jean-Claude Juncker |
| Preceded by | 11 European Commissioners |
| Succeeded by | 8 European Commissioners |
| European Commissioner for Budget and Human Resources | |
| In office 1 November 2014 – 31 December 2016 | |
| President | Jean-Claude Juncker |
| Preceded by | Jacek Dominik |
| Succeeded by | Günther Oettinger |
| European Commissioner for International Cooperation, Humanitarian Aid and Crisis Response | |
| In office 9 February 2010 – 1 November 2014 | |
| President | José Manuel Barroso |
| Preceded by | Karel De Gucht |
| Succeeded by | Christos Stylianides |
| Personal details | |
| Born | Kristalina Ivanova Georgieva 13 August 1953 Sofia, Bulgaria |
| Spouse | Kino Kinov |
| Children | 1 |
| Alma mater | University of National and World Economy (BA, MA, PhD) |
| Signature | |
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Kristalina Ivanova Georgieva-Kinova (Bulgarian: Кристалина Иванова Георгиева-Кинова; née Georgieva; born 13 August 1953) is a Bulgarian economist who has served as the 12th managing director of the International Monetary Fund since 2019. She is the first person from an emerging market economy to lead the institution.
She began her career by teaching economics.
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. As vice-president of the European Commission for Budget and Human Resources from 2014 to 2016, she managed the EU's budget and staff through the aftermath of the Eurozone debt crisis and during the 2015 refugee crisis.
As the first chief executive officer of the World Bank from 2017 to 2019, Georgieva led significant reforms and secured the largest funding increase in the Bank's history, totaling $13 billion. She also served as Acting President of the World Bank Group in 2019. At the IMF, Georgieva helped steer the global economy through the COVID-19 pandemic, providing $1 trillion in liquidity and reserves, integrating climate considerations into IMF policies, and increasing financial and policy support to vulnerable countries. She was reappointed for a second term in 2024.
In 2021, during her tenure at the World Bank Group, an independent inquiry led by former US Attorney Ronald Machen and the law firm WilmerHale found she manipulated the World Bank's Doing Business report by instructing staff to alter data to inflate the rankings for China and Saudi Arabia. Her leadership of the IMF has also been criticized for being pro-authoritarian and providing forecasts of economic growth in Russia based on cherry-picked economic statistic releases following the Russian invasion of Ukraine.
Georgieva has been hailed for her work on gender equality and climate change. She was ranked 12th on the Forbes list of the World's 100 Most Powerful Women in 2023.