Kristalina Georgieva

International Monetary Fund chief Kristalina Georgieva congratulated Alberto Fernandez, the winner of the Argentine presidential election, and promised to work with his government to stabilize the economy.

International Monetary Fund Director Kristalina Georgieva commented on China-US trade mini-deal. She said a reconciliation between the two countries was not enough and that a trade peace was needed, BGNES reported.

"It's really good news that the US and China are talking to each other, but it's not enough."

Greek Finance Minister Christos Staikouras is heading to Washington to attend the annual meeting of the International Monetary Fund (IMF) and the World Bank.

Trade wars around the world have a strong negative impact on global economic growth. The International Monetary Fund has warned about this.

The Executive Director of the Fund Kristalina Georgieva commented that global losses could total $ 700 billion by 2020, or about 0.8% of GDP. For comparison, this is the approximate annual GDP of Switzerland.

The new IMF Managing Director Kristalina Georgieva takes office today.

Recently, she said she was "ready to be put to the test" at a time when wars in the global economy were coming up at several fronts, British Sky News and BGNES reminded.

The Republic of Korea offered Bulgaria closer cooperation in the IT sector. This was what South Korean President Moon Jae-in said at the start of the conversation with the Bulgarian government delegation, led by Prime Minister Boyko Borissov.

The meeting took place at the Presidential Palace in the capital, Seoul. The Prime Minister invited the Korean President to Bulgaria and asked for his support for investments of Korean companies in Bulgaria.

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.

The Executive Board of the International Monetary Fund, IMF, selected Kristalina Georgieva, 66, to serve as IMF Managing Director, the fund announced on Wednesday.

The Bulgarian national succeeds Christina Lagarde, who is departing to head the European Central Bank as of October 1.

The International Monetary Fund Board of Directors is expected to approve Kristalina Georgieva as managing director of the financial institution on Wednesday. The Bulgarian is the only candidate and enjoys the support of both the European Union and the United States.