The Board praised Georgieva's strong and agile leadership during her tenure, through a series of major global crises.
“Georgieva led the IMF's unprecedented response to these crises, including approving more than $360 billion in new financing since the start of the pandemic for 97 countries, debt service relief for the poorest and most vulnerable members of the Fund and a special historic twist,” the Fund said in a statement.
He also highlighted the Human Rights allocation (DEG) equivalent to 650,000 million dollars.
And under his leadership, the IMF introduced innovative new financing mechanisms, including the Resilience and Sustainability Facility and the Food Shock Facility. He replenished the Poverty Reduction and Growth Trust Fund, with the capacity to mobilize concessional loans to its poorest members, and co-created the Global Roundtable on Sovereign Debt.
“Looking ahead, the Board welcomes Georgieva's continued emphasis on issues of macroeconomic and financial stability, while ensuring that the Fund continues to adapt and evolve to meet the needs of all its members.”
The director, who was born in Bulgaria, has served as general director of the IMF since October 1, 2019.
She previously served as Executive Director of the World Bank since January 2017.
She also worked at the European Commission as Commissioner for International Cooperation, Humanitarian Aid and Crisis Response, and as Vice President for Budget and Human Resources.
