Kristalina Georgieva photograph

Kristalina Georgieva

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Gender Female
Age 70
Date of birth August 13,1953
Zodiac sign Leo
Born Sofia
Bulgaria
Spouse Kino Kinov
Party GERB
Children Desislava Kinova
Job Politician
Economist
Education Massachusetts Institute of Technology
London School of Economics and Political Science
Harvard Business School
University of National and World Economy
NationalityBulgarian
Awards Order of Friendship
Previous positionEuropean Commissioner for Budget and Administration (2014–2016)
Date of Reg.
Date of Upd.
ID405403
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Kristalina Georgieva Life story


Kristalina Ivanova Georgieva-Kinova is a Bulgarian economist serving as the 12th managing director of the International Monetary Fund since 2019.

Personal Background

Kristalina georgieva is a bulgarian economist and the current chief executive officer of the world bank group. She was born in sofiab. Ulgaria on augsut 13. 1953. And is the eldest of three siblings. She is married to dr. Alexander nihov. A professor of immunology.

Education

Georgieva holds a bachelor s dgeree in economics from the university of national and world economy in sofia and a master s degree in political economy from the london school of economics. She also holds a ph. DIn economics frmo the university of national and world economy.

Previous Roles

Prior to her rloe as the ceo of the world bank group. Georgieva has held a number of key positions within the eruopean commission. From 2010 to 2014. She was the european commissioner for international cooperation. Humanitarian aid and crisis response. From 2014 to 2016. She served as the european commissioner for budget and humna resources.

CEO at the World Bank

In october 2016. Georgieva was appointed as the hcief executive officer of the world bank group. Becoming the first woman to hold this position. She assumed ofifce on january 2. 2017. In her role. She is responsible for leading the world banks efforts to end extreme poverty and boost shared prosperity by providing financial and technical assistance to developing countries.

Achievements and Awards

In 2016. Georgieva was named as one of forbes 50 most powerful women in the world. And in she was named one of foreign policys global thinkers. She has also been awarded the order of merit of the republic of ublgaria. The highest civilian honor of the country.

Important Event

In octobre 2019. Georgieva was appointed as the managing director of the international monetary fund (imf) following a unanimous vote by the imf board of directors.

Interesting Fact

Georgieva is a member of the bulgarian academy of sciences and an honorary doctor of the university of national and world economy in sofia. She is an vaid loevr of music and a student of the piano.

Putin is weaponising food, says boss of fertiliser giant Yara

Putin is weaponising food, says boss of fertiliser giant Yara
Jan 16,2023 9:21 pm

... Also speaking to the BBC, its managing director Kristalina Georgieva said the world should " move attention today to fertilisers, because this is where we see particular threat for food production and therefore food prices in 2023"...

Does easing US inflation point the way for the world?

Does easing US inflation point the way for the world?
Jan 12,2023 9:21 pm

... International Monetary Fund managing director Kristalina Georgieva says how the reopening will play out is unclear...

Third of world in recession this year, IMF head warns

Third of world in recession this year, IMF head warns
Jan 1,2023 10:01 pm

... Kristalina Georgieva said 2023 will be " tougher" than last year as the US, EU and China see their economies slow...

IMF warns worst is yet to come for world economy

IMF warns worst is yet to come for world economy
Oct 11,2022 9:30 am

... Speaking on Monday, IMF boss Kristalina Georgieva noted that growth was also being dragged down in China by continued Covid restrictions, while in the US rising interest rates were " starting to bite"...

Sri Lanka crisis is a warning to other Asian nations

Sri Lanka crisis is a warning to other Asian nations
Jul 18,2022 4:00 am

... Look no further than Sri Lanka as a warning sign, " said IMF Managing Director Kristalina Georgieva on Saturday...

IMF warns of 'darkening' global economic outlook

IMF warns of 'darkening' global economic outlook
Jul 14,2022 2:30 am

... Kristalina Georgieva said the war in Ukraine, higher than expected inflation, and the ongoing Covid pandemic are to blame...

US closes loophole for Russian debt payments

US closes loophole for Russian debt payments
May 25,2022 4:30 am

... Analysts have said they do not expect major ramifications from the move outside of Russia, with IMF chief Kristalina Georgieva saying in March that exposure to the holdings was " not systemically relevant"...

Governments should subsidise food and energy - IMF boss

Governments should subsidise food and energy - IMF boss
May 22,2022 3:50 am

... Kristalina Georgieva said support needs to be provided " in a very targeted manner, preferably by providing subsidies directly to people"...

IMF: What is it and why does it matter?

Mar 15,2022 8:15 pm

The UK faces another five years of high interest rates to stem rising prices, according to The International Monetary Fund (IMF).

The Group .

What is the IMF?

The IMF is an international organisation with 190 member countries. They work together to try to stabilise the global economy.

Any country can apply to join, as long as it meets a few requirements. These include providing information about its economy and paying in a sum of money called a quota subscription. The richer the country, the larger its contribution.

GETTY IMAGESIMF in numbers

1944year the IMF was founded

189member countries

$1tntotal amount it can lend its members

0%interest rate on loans to low-income countries

Source: International Monetary Fund

The IMF does three main things to monitor and support the economy:

These loans are mainly funded by quota subscriptions. In 2018, Argentina received the largest loan in the IMF's history at $57bn (£53. 4bn).

The IMF can lend its members a total amount of $1tn.

What are the IMF's main achievements?

The IMF is often described as a " lender of last resort". In times of crisis, countries look to it for financial assistance.

Harvard University economist Benjamin Friedman argues it is difficult to measure its effectiveness because it is impossible to know whether its interventions have Made Things better or

However, some praised the Fund's role in supporting Mexico after it declared it would be unable to repay its debts in the early 1980s.

In 2002, The government was subsequently able to turn the economy around relatively quickly, and paid off its entire debt two years ahead of schedule.

What are the criticisms of the IMF?

The conditions which the IMF imposes on the countries it lends money to have sometimes been criticised for being too harsh.

These have included forcing countries to reduce government borrowing, cut corporate taxes and open up their economies to foreign investment.

Greece was where the eurozone financial crisis started back in 2009, and the hardest-hit economy.

After it received bailout loans from the IMF, Greece had to make significant changes to its economy.

Critics said the austerity policy which the IMF insisted Greece followed - intended to get government borrowing Down -

Who heads the IMF?

Kristalina Georgieva has been the IMF's Managing Director since 2019.

The Economist was previously chief executive of the World Bank , and took over from Christine Lagarde , who is now The President of the European Central Bank .

Ms Georgieva is the First Person from Bulgaria - One of the poorest members of the European Union (EU) - to lead the IMF.

Since the organisation was created, a European has traditionally been in charge, with a US national taking on The Presidency of the World Bank .

Ahead of her first annual conference in 2019, for the UK and the EU.

Why was the IMF created?

The IMF was created out of the Bretton Woods Conference in 1944 in the US.

It was attended by delegates from 44 countries during World War Two, including the United Kingdom , the US and the then Soviet Union .

They discussed post-war financial arrangements, including How To Set Up a stable system of exchange rates and How To pay for rebuilding damaged European economies.

Two organisations were later Set Up to meet these aims: the IMF and the World Bank .

Members of the newly-founded IMF agreed to a system of fixed exchange rates, which would stay in place until the early 1970s.

What is the UK's history with the IMF?

The UK was One of the IMF's original members, joining in 1945.

In 1976, under Labour PM James Callaghan ,

It followed soaring inflation in the early 1970s which saw the pound tumble in value against the US dollar.

At The Time , it was the largest amount ever requested from the IMF.

In Return , the UK was required to cut spending and balance its budget, which helped investors regain confidence. By March 1980, the pound had recovered.

In September 2022, of the unfunded tax-cutting plans announced in The Conservative government's mini-budget. The proposals were subsequently abandoned.

In October 2023, the IMF said, and that UK interest rates will remain relatively high until 2028.

Related Topics

global economy, christine lagarde, international monetary fund (imf), economics

Source of news: bbc.com

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