Executive Board Coordinator Afonso S. The board's decision was taken unanimously, according to a statement from Bevilacqua and Abdullah F. Binjarah.
The decision was taken about a week after the coordinators announced that Georgieva, the current managing director of the IMF, was the only candidate for the post, Xinhua news agency reported.
"In making this decision, the board appreciates Georgieva's strong and proactive leadership during her tenure, which has weathered several major global shocks," the statement said.
Georgieva led the IMF's unprecedented response to these shocks, including the approval of more than $360 billion of new financing for 97 countries since the beginning of the pandemic, debt service relief to the Fund's poorest, most vulnerable members, and a The historical Special Drawing Rights (SDR) allocation amounts to $650 billion, the statement said.
Under his leadership, the Fund introduced innovative new financing facilities, including the Resilience and Sustainability Facility and the Food Shock Window.It also secured a 50 percent quota increase to increase the fund's permanent resources and agreed to add a third sub-Saharan African chairperson to the IMF board.
"Looking ahead, the Board welcomes Georgieva's continued emphasis on macroeconomic and financial stability issues, while also ensuring that FUN adapts and grows to meet the needs of its entire membership," the statement said. Continue."
Georgieva, a Bulgarian national, has been the Managing Director of the IMF since October 1, 2019.
Before joining the Fund, Georgieva was the Chief Executive Officer of World Bank from January 2017 to September 2019, during which she also served as Interim President of the World Bank Group for three months.
He previously served in the European Commission as Commissioner for International Cooperation, Humanitarian Aid and Crisis Response and Vice-President for Budget and Human Resources.
The decision was taken about a week after the coordinators announced that Georgieva, the current managing director of the IMF, was the only candidate for the post, Xinhua news agency reported.
"In making this decision, the board appreciates Georgieva's strong and proactive leadership during her tenure, which has weathered several major global shocks," the statement said.
Georgieva led the IMF's unprecedented response to these shocks, including the approval of more than $360 billion of new financing for 97 countries since the beginning of the pandemic, debt service relief to the Fund's poorest, most vulnerable members, and a The historical Special Drawing Rights (SDR) allocation amounts to $650 billion, the statement said.
Under his leadership, the Fund introduced innovative new financing facilities, including the Resilience and Sustainability Facility and the Food Shock Window.It also secured a 50 percent quota increase to increase the fund's permanent resources and agreed to add a third sub-Saharan African chairperson to the IMF board.
"Looking ahead, the Board welcomes Georgieva's continued emphasis on macroeconomic and financial stability issues, while also ensuring that FUN adapts and grows to meet the needs of its entire membership," the statement said. Continue."
Georgieva, a Bulgarian national, has been the Managing Director of the IMF since October 1, 2019.
Before joining the Fund, Georgieva was the Chief Executive Officer of World Bank from January 2017 to September 2019, during which she also served as Interim President of the World Bank Group for three months.
He previously served in the European Commission as Commissioner for International Cooperation, Humanitarian Aid and Crisis Response and Vice-President for Budget and Human Resources.
