A Bulgarian, chosen by the EU to chair the IMF



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It should be remembered that the general direction of the IMF is traditionally based on a European society. it is badumed that the Bulgarian will occupy the chair that the American David Lipton occupies temporarily. Since its inception in 1944, the agency has always had a European director, while an American has always been responsible for the World Bank.

The novelty impacts fully in Argentina. The IMF is the largest lender in our country and the agency's payouts by the billionaires have become the lifeline of the local economy. The US $ 57 billion loan, which the government has agreed to with the IMF, will undoubtedly be the main problem to be solved by those who will prevail in the upcoming presidential elections.

After her appointment, Kristalina Georgieva declared that it was "an honor" to be the EU candidate at the head of the FM) and that, given her candidacy, she would obtain a license from her post at the World Bank. "It's an honor to be nominated for the post of Managing Director of the IMF," Georgieva wrote on Twitter.

To integrate

It's an honor to be nominated for the position of General Manager of the company #IMF. After consulting with the Senior Ethics Officer, I requested an administrative leave and waived my responsibilities @WorldBank CEO for the nomination period.

– Kristalina Georgieva (@KGeorgieva) August 2, 2019

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