International Monetary Fund

Thomsen says previous gov’t chose austerity over reforms

Referring to the mistakes that led to the derailment of the Greek rescue program, the International Monetary Fund's European department chief Poul Thomsen said during a speech at the London School of Economics on Monday that the previous SYRIZA-led government essentially chose austerity instead of reforms.

Kristalina Georgieva's Immediate Priority Is to Help Countries Minimize the Risk of Crises

Global economic growth continues to be disappointing, trade tensions remain, and debt burden is increasing in many countries. In this context, my immediate priority for the IMF is to help members minimize the risk of crises and be prepared to cope with economic downturns.

Official: IMF Executive Board Selects Kristalina Georgieva as Managing Director

The Executive Board of the International Monetary Fund (IMF) today selected Kristalina Georgieva to serve as IMF Managing Director and Chair of the Executive Board for a five-year term starting on October 1, 2019. Ms. Georgieva, who succeeds Christine Lagarde, is the first person from an emerging market economy to lead the IMF since its inception in 1944.