[45] In this role she was in charge of 33,000 staff and reporting on how the budget of the European Union is spent to the European Parliament, the council and the European Court of Auditors. [28], Georgieva was given a warm response by MEPs, with Labour MEP Michael Cashman praising her "honesty and deep breadth of knowledge". On 7 January 2019 it was announced that World Bank Group President Kim would be stepping down and Georgieva would assume the role of interim president of the World Bank Group on 1 February 2019. She has also served as a member of the board of trustees[6] and associated professor in the economics department of the University of National and World Economy in Bulgaria. [11] On 29 September 2019 Georgieva was named the next managing director of the International Monetary Fund. [60], In 2017, Georgieva was listed by UK-based company Richtopia at number 2 in the list of 100 Most Influential People in Multinational Organisations. We use cookies to ensure the best experience for you on our website.If you choose to ignore this message, we'll assume that you are happy to receive all cookies on ET Auto. Please review and accept these changes below to continue using the website.You can see our privacy policy & our cookie policy. Her hobbies include travelling, guitar playing, dancing and cooking exotic dishes. [13] In 2016, Georgieva was honored with the Devex Power with Purpose award for her work in global development. Kristalina Ivanova Georgieva-Kinova (bulg. From February 1, 2019 to April 8, 2019, Georgieva was the Interim President for the World Bank Group. [43] Her candidacy had been uncertain because of political infighting in Bulgaria. The Bulgarian government then proposed Kristalina Georgieva as their new candidate. 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[30] Her performance at the hearing was widely publicized in Bulgaria and broadcast live on many national media, where it was seen as question of restoration of national honor following Jeleva's unsuccessful hearing. She was the only nominee for the job and is the first person from an emerging country to hold this office.[12]. Before joining the European Commission, Georgieva had a successful tenure at the World Bank, starting in 1993 as an Environmental Economist. By August, Georgi Bliznashki, Bulgaria's interim prime minister, announced her candidacy to replace Britain's Catherine Ashton. Get ETAuto's top stories every morning in your email inbox. [65], Vice-President of the European Commission. in Political Economy and Sociology from the University of National and World Economy, Sofia, where she was an Associate Professor between 1977 and 1991. Following this, she served in various positions in the bank ultimately rising to become director of the Environment Department in charge of World Bank's environmental strategy, policies, and lending. She also has worked to ensure that longer term prevention and preparedness strategies are in place. As Interim President, Georgieva was responsible for the World Bank Group’s efforts to end extreme poverty by 2030 and to boost shared prosperity around the world. [12] Normally, she would not be considered for the position (the tradition was that candidate could not be older than 65 at the start of their term), but following pressure from the French President Emmanuel Macron, the rule was waived for Georgieva.[12]. Georgieva identified Haiti as a priority, especially the need to provide shelter and health services and to restore the functions and service of the government, so as to start work on reconstruction and long-term development. [32], Georgieva committed the bank to gender equality within its own ranks by setting the target for women to occupy 50 percent of senior management positions at the World Bank by 2020. From 2007 to 2008, she was Director for Sustainable Development in charge of policy and lending operations in infrastructure, urban development, agriculture, environment and social development, including support to fragile and conflict-affected countries. [52], On 29 September 2019 Georgieva was named the next managing director of the International Monetary Fund, to succeed Christine Lagarde, who is leaving to become head of the European Central Bank (ECB). [29] Ivo Vajgl, a Liberal MEP, also praised her, saying: "let me compliment you on your peaceful manner and the confidence you are exuding today". ... Curriculum Vitae. The Fund in June forecast that coronavirus-related shutdowns would shrink global gross domestic product by 4.9%, marking the sharpest contraction since the Great Depression of the 1930s, and called for more policy support from governments and central banks. [27], The confirmation hearing of Georgieva took place at the European Parliament on 4 February 2010. [44], Incoming European Commission President Jean-Claude Juncker instead assigned the post of Vice-President for Budget and Human Resources to Georgieva. If you disable this cookie, we will not be able to save your preferences. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful. Ultimately, she has said, reforms will aim to bolster the bank's growing emphasis on results. [10] On 28 October, the World Bank announced that Georgieva would become the first CEO of the bank starting on 2 January 2017. As recognition of her work and her efficient reaction to the humanitarian crises of the year, Georgieva was named Commissioner of the Year in the "Europeans of the Year 2010" awards, organized by the influential European Voice newspaper, which also named her "European of the Year". [49] This was achieved ahead of time in October 2018. Member of the Board of Trustees of the University of National and World Economy, Sofia, 2009, LEAD International, Member of the Board of Trustees, 2003-2009, Institute for Sustainable Communities, Member of the Board of Trustees, 2003-2005, Member of China Council for International Cooperation on Environment and Development, 2012-2016. See Kristalina I Georgieva's compensation, career history, education, & memberships. She was the only nominee for the job and is a first person from the emerging country to have this function. Kristalina I Georgieva is Chairman/Managing Director at Intl Monetary Fund. [15], Georgieva was born in Sofia into a family of bureaucrats. Click "Continue" to accept and continue with ET Auto. She was applauded by committee members when she told British Conservative MEP Nirj Deva that she would stand up for the interests of the EU and be an independent mind. In this role Georgieva tripled funding for the refugee crisis in Europe. Previously Georgieva, a Bulgarian national, helped shape the agenda of the European Union starting in 2010, first as Commissioner for International Cooperation, Humanitarian Aid and Crisis Response, where she managed one of the world's largest humanitarian aid budgets and established herself as a global champion for resilience. Кристалина Иванова Георгиева-Кинова; s. 13. elokuuta 1953 Sofia) on bulgarialainen taloustietelijä ja poliitikko, joka toimii 1. lokakuuta 2019 alkaen Kansainvälisen valuuttarahaston pääjohtajana. As the European Commission Vice President for Budget and Human Resources, Georgieva oversaw the European Union's €161 billion (US $175bn) budget and 33,000 staff across its institutions around the world, and tripled funding available to the refugee crisis in Europe. The Fund in June forecast that coronavirus-related shutdowns would shrink global gross domestic product by 4.9%, marking the sharpest contraction sinc.. [18], Georgieva holds a PhD in Economics and an MA in Political Economy and Sociology from the Karl Marx Higher Institute of Economics (now called University of National and World Economy) in Sofia. [21] She has written over 100 academic papers and has also authored a microeconomics textbook. [24] During that time, she worked on the bank's governance reform and accompanying capital increase. This means that every time you visit this website you will need to enable or disable cookies again. Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings. [4], During her time in office as commissioner for international cooperation, humanitarian aid, and crisis response, Georgieva managed one of the world's largest humanitarian aid budgets and promoted the EU as a global champion for resilience and disaster risk reduction. Kristalina Ivanova Georgieva-Kinova (Bulgarian: Кристалина Иванова Георгиева-Кинова; born 13 August 1953)[1] is a Bulgarian economist serving as Chairwoman and Managing Director of the International Monetary Fund since 2019. Immediately after taking office, she took responsibility for coordinating the EU response to the humanitarian consequence of the 2010 Haiti earthquake. Georgieva also urged highly indebted countries not to wait to seek debt restructurings and said tax reform was necessary to collect needed revenues. Her final position at the World Bank, vice president and corporate secretary, conveyed lead responsibility for liaison with the members of the institution's board of executive directors, representing the bank's shareholders (the member country governments). [23], Georgieva is fluent in Bulgarian, English, and Russian, and can also speak some French.[24]. [39], Amid the Southeast Europe floods in May 2014, Georgieva coordinated post-disaster assistance and helped prepare Serbia's request for aid of as much as 1 billion euros ($1.4 billion) a year.[40]. The need to improve the effectiveness of EU actions and for better response capacity had also been stressed, together with the establishment of European Voluntary Humanitarian Corps. 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Other key issues raised in discussions with MEPs had been improving co-ordination within the EU (and within the commission), and between humanitarian and military players in order to meet the dual challenge posed by expanding needs and shrinking budgets.