EU settles on World Bank's Georgieva to lead IMF

  • Saturday 03, August 2019 10:14 AM
  • EU settles on World Bank's Georgieva to lead IMF
Sharjah 24 – Reuters: European Union governments picked Bulgaria's Kristalina Georgieva as the bloc's candidate to lead the International Monetary Fund after more than 12 hours of talks on Friday that highlighted the EU's internal divisions.
The 65-year-old chief executive of the World Bank got the backing of a majority of the 28 EU states, defeating the Dutch candidate Jeroen Dijsselbloem after two rounds of voting and prolonged negotiations among EU nations.

Georgieva said in a tweet that she was relinquishing her World Bank responsibilities and would take administrative leave during the nomination process.