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The Bulgarian Kristalina Georgieva, number two of the World Bank, supported by France, was chosen this Friday, August 2 as European candidate to succeed Christine Lagarde to the general direction of the International Monetary Fund.
It took two rounds of voting and two successive withdrawals for the Europeans to finally nominate their candidate to head the IMF. Spain was initially surprised by withdrawing the candidacy of its finance minister, Nadia Calvino. Then it was Finnish Olli Rehn's turn to throw in the towel.
The electronic voting of the member countries finally turned to the Franco-German duel by interposed candidates. And it is the Bulgarian Kristalina Georgieva, backed by France, who beat the Dutch Jeroen Dijsselbloem, the former president of the Eurogroup supported by Germany.
Kristalina Georgieva, who turns 66 on August 13, has spent most of her international career with the World Bank. With a parenthesis in 2010, however, in the European executive where she served as Vice-President of the Commission on Budget and Human Resources. In 2017, this economist and sociologist by training became director general of the World Bank .
During her career, Kristalina Georgieva has earned a reputation as a champion of gender equality, a dedicated humanitarian and leader in the global fight against climate change.
" Mrs Georgieva is now the candidate of the European countries. We will all support his candidacy, "said the French Minister of Finance Bruno Le Maire, who organized the vote after having noted the day before that no candidate had the necessary support, an unprecedented procedure within the EU to designate his IMF candidate.
@ KGeorgieva is now the candidate of the European countries for the general management of #FMI. She has all the skills to succeed Christine @Lagarde and lead the IMF with talent. I welcome the willingness of European Finance Ministers to reach a consensus.
Bruno Le Maire (@BrunoLeMaire) August 2, 2019