Germany is optimistic that Bulgaria's Kristalina Georgieva will become the ...
FILE PHOTO: World Bank Chief Executive Officer Kristalina Georgieva attends a session of the Gaidar Forum 2018"Russia and the World: values and virtues" in Moscow, Russia January 17, 2018. REUTERS/Sergei Karpukhin/File Photo
European Union governments picked the 65-year-old Georgieva as the bloc’s candidate to lead the IMF after more than 12 hours of talks on Friday. Most EU states backed Georgieva even though her candidacy will force a change in IMF rules that require the managing director to be younger than 65 years old when appointed.
Russia’s Finance Ministry said in a statement on Monday that Russia has a positive attitude towards the nomination of Georgieva and will be ready to support her during the voting.
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IMF stitch-up would set at least one good exampleKristalina Georgieva, Europe’s pick to lead the lender, is a technocrat who lacks former Managing Director Christine Lagarde’s stature and clout. But the IMF would have to raise its age ceiling for her – about time for a body that prods countries to raise retirement ages.
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