World Bank

International Monetary Fund Managing Director Kristalina Georgieva said on Monday that the IMF expects the global economic recession in 2020 to be "at least as bad as during the 2008-2009 global financial crisis or worse" .

The World Bank Group's Board of Executive Directors has decided to extend the current partnership program by two years to align with Turkey's 11th Development Program for the 2019-2023 period and its New Economic Program which sets out the longer-term structural reforms to be pursued to address the country's development challenges.

The names of the winners in the traditional 2019 Personality in the News Awards became clear.

The winners were selected by the NoviniteGroup team after active and careful research of the most accomplished and significant personalities in the news stream in 2019, who contributed to the positive image of Bulgaria around the world.

Turkey has jumped up 10 places to be 33rd among 190 nations in the World Bank's Ease of Doing Business Index released on Oct. 24, the country's vice president said.

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 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 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.

Bulgarian economist Kristalina Georgieva was confirmed on Wednesday as managing director of the International Monetary Fund, becoming the first head of the $1 trillion-asset global lender from an emerging market economy.

,,Kristalina Georgieva has a long and successful track record at the IMF and the World Bank. It's about a talented and persistent person.'' This was stated by the financier Emil Harsev in the BNT Morning Bloc. This is not Bulgaria's application for this position, it is supported by all EU Member States, based on its personal qualities.

The IMF Executive Board will hold an interview with Kristalina Georgieva, BTA reports. It is scheduled for next week.

World Bank Chief Executive Officer Kristalina Georgieva is the only candidate for IMF director.

Further information will be provided.