{"id":116824,"date":"2024-04-15T17:02:41","date_gmt":"2024-04-15T17:02:41","guid":{"rendered":"https:\/\/www.africa-press.net\/kenya\/all-news\/imf-board-appoints-md-kristalina-georgieva-for-second-term"},"modified":"2024-04-15T17:32:54","modified_gmt":"2024-04-15T17:32:54","slug":"imf-board-appoints-md-kristalina-georgieva-for-second-term","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/kenya\/all-news\/imf-board-appoints-md-kristalina-georgieva-for-second-term","title":{"rendered":"IMF board appoints MD Kristalina Georgieva for second term"},"content":{"rendered":"

Africa-Press – Kenya. <\/strong><\/span>Global lender, International Monetary Fund (IMF) has selected Kristalina Georgieva to serve as the firm’s managing director for a second five-year term starting October 1, 2024.<\/p>\n

She has served as the MD since October 1, 2019, acting as the chief of operating staff and chair of the Executive Board.<\/p>\n

The board commended Georgieva’s appointment she emerged as the only candidate nominated for the position.<\/p>\n

Board coordinators Afonso S. Bevilaqua and Abdullah F. BinZarah, applauded her strong and agile leadership during her first term, navigating a series of major global shocks.<\/p>\n

“Georgieva led the IMF\u2019s unprecedented response to these shocks, including the approval of more than $360 billion in new financing since the start of the pandemic for 97 countries, debt service relief to the Fund\u2019s poorest, most vulnerable members, and a historic Special Drawing Rights (SDR) allocation equivalent to $650 billion,” the board said in a statement.<\/p>\n

“Under her leadership, the Fund introduced innovative new financing facilities, including the Resilience and Sustainability Facility and the Food Shock Window.”<\/p>\n

It replenished the poverty reduction and growth trust, with the capacity to mobilise concessional loans to its poorest members, and co-created the global sovereign debt roundtable, the board adds.<\/p>\n

“It also secured a 50 per cent quota increase to bolster the Fund\u2019s permanent resources and agreed to add a third Sub-Saharan African chair to the IMF Board.”<\/p>\n

Looking ahead, the board is confident that Georgieva will pursue the ongoing emphasis on issues of macroeconomic and financial stability, while also ensuring that the Fund continues to adapt and evolve to meet the needs of its entire membership.<\/p>\n

It further notes that it is cognisant of her focus to strengthen the Fund\u2019s support to its members through effective policy advice, capacity development and financing.<\/p>\n

For More News And Analysis About Kenya<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Kenya. Global lender, International Monetary Fund (IMF) has selected Kristalina Georgieva to serve as the firm’s managing director for a second five-year term starting October 1, 2024. She has served as the MD since October 1, 2019, acting as the chief of operating staff and chair of the Executive Board. The board commended […]<\/p>\n","protected":false},"author":84,"featured_media":116823,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[6857,7003,544],"class_list":["post-116824","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-africa-press","tag-africa-press-kenya","tag-kenya"],"yoast_head":"\nIMF board appoints MD Kristalina Georgieva for second term - kenya<\/title>\n<meta name=\"description\" content=\"Global lender, International Monetary Fund (IMF) has selected Kristalina Georgieva to serve as the firm's managing direc ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/kenya\/all-news\/imf-board-appoints-md-kristalina-georgieva-for-second-term\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"IMF board appoints MD Kristalina Georgieva for second term\" \/>\n<meta property=\"og:description\" content=\"Global lender, International Monetary Fund (IMF) has selected Kristalina Georgieva to serve as the firm's managing direc ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/kenya\/all-news\/imf-board-appoints-md-kristalina-georgieva-for-second-term\" \/>\n<meta property=\"og:site_name\" content=\"kenya\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2024-04-15T17:02:41+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-04-15T17:32:54+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/kenya\/sites\/28\/2024\/04\/sm_1713186043.356309.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1000\" \/>\n\t<meta property=\"og:image:height\" content=\"666\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/kenya\/all-news\/imf-board-appoints-md-kristalina-georgieva-for-second-term#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/kenya\/all-news\/imf-board-appoints-md-kristalina-georgieva-for-second-term\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/kenya\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"IMF board appoints MD Kristalina Georgieva for second term\",\"datePublished\":\"2024-04-15T17:02:41+00:00\",\"dateModified\":\"2024-04-15T17:32:54+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/kenya\/all-news\/imf-board-appoints-md-kristalina-georgieva-for-second-term\"},\"wordCount\":309,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/kenya\/all-news\/imf-board-appoints-md-kristalina-georgieva-for-second-term#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/kenya\/sites\/28\/2024\/04\/sm_1713186043.356309.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Kenya\",\"Kenya\"],\"articleSection\":[\"all news\",\"economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/kenya\/all-news\/imf-board-appoints-md-kristalina-georgieva-for-second-term#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/kenya\/all-news\/imf-board-appoints-md-kristalina-georgieva-for-second-term\",\"url\":\"https:\/\/www.africa-press.net\/kenya\/all-news\/imf-board-appoints-md-kristalina-georgieva-for-second-term\",\"name\":\"IMF board appoints MD Kristalina Georgieva for second term - 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