Bulgaria prepares nomination of Kristalina Georgieva for a second term as the Head of IMF

Bulgaria prepares Kristalina Georgieva's nomination for a second term as the Managing Director of the IMF. This is clear from the position of Bulgarian National Bank’s Governor, Dimitar Radev, in his capacity as the Governor of the IMF for Bulgaria, who stated the following on the occasion of the nomination of the Managing Director of the institution:

“Kristalina Georgieva has earned the great respect and trust of the IMF member countries during the years of her mandate as the Fund's Managing Director. Under her leadership, the IMF has supported the global economy with large scale financing to nearly 100 member countries as they dealt with the COVID pandemic, the war in Ukraine and the cost-of-living crisis. Many of my colleagues, the Governors of the IMF, would like to see her continue as the Managing Director of the institution for a second mandate – a view also expressed by France's Finance Minister Bruno Le Maire at the time of the recent G20 meeting in Sao Paolo.

I had a telephone conversation with Ms. Georgieva in which we discussed the possibility of her nomination for a second mandate at the IMF and I asked her whether she would be willing to continue to serve in her position. I am pleased to say that she confirmed she would be honored to do so, subject to the support of the IMF membership. In this context the Bulgarian authorities will continue the consultations with their European partners on a common view about a potential nomination in accordance with the IMF’s process of selection of the Managing Director of the institution.”