President Akufo-Addo has congratulated Kristalina Georgieva for successfully securing a second five-year term as IMF Managing Director, starting October 1, 2024.
Ms. Georgieva was the sole candidate nominated for the position.
The Board’s decision followed a series of discussions, including with Ms. Georgieva, in accordance with the selection process established on March 13, 2024.
In a post on X, President Akufo-Addo noted that Ghana is very delighted about her re-appointment.
He noted that her role in ensuring global financial stability and development in general, particularly in Emerging Market and Developing Economies (EMDEs) and Low-Income-Countries (LICs), have impacted greatly lives and livelihoods.
“We have no doubt that she will make an even greater impact in her second term in helping to eradicate poverty, with ample economic opportunities and jobs, especially for LICs.
“We, in Ghana, recognise her admirable contributions to our nation’s turnaround to restoring macroeconomic stability and economic recovery, from the difficult economic circumstances of the last few years.
“We expressed our appreciation directly to her during her recent visit to Ghana. On behalf of the Government and people of Ghana, I congratulate Kristalina Georgieva on her well-deserved re-appointment. We wish her well,” he added.
Ms. Georgieva has been serving as Managing Director of the IMF since October 1, 2019. In this role, she is the head of the IMF’s operational staff and chairs the Executive Board.
Ms. Georgieva is supported by four Deputy Managing Directors in overseeing the Fund’s operations, which involve approximately 3,100 staff members.
A Bulgarian national, Ms. Georgieva has held various prominent positions prior to her role at the IMF. She was previously the Chief Executive Officer of the World Bank from January 2017.
Additionally, she served as the Interim President for the World Bank Group from February 1, 2019, to April 8, 2019. Ms. Georgieva also has a background in the European Commission, where she held roles such as Commissioner for International Cooperation, Humanitarian Aid, and Crisis Response, as well as Vice President for Budget and Human Resources.
Ms. Georgieva’s academic qualifications include a Ph.D. in Economic Science and a M.A. in Political Economy and Sociology from the University of National and World Economy in Bulgaria. She also taught at the same university from 1977 to 1991.