World Bank appoints Kristalina Georgieva as chief executive

World Bank appoints Kristalina Georgieva as chief executive

Kristalina Georgieva, a former head of EU humanitarian affairs and vice-president of the European commission, has been

Kristalina Georgieva, who was recently edged out by António Guterres in the race to become UN secretary general, is to take up the reins at the World Bank. Photograph: Xinhua/Barcroft Images

Kristalina Georgieva, who was recently edged out by António Guterres in the race to become UN secretary general, is to take up the reins at the World Bank. Photograph: Xinhua/Barcroft Images

appointed chief executive of the World Bank.

The Bulgarian, who recently lost out in the race to become UN secretary general, will report to the bank’s president, Jim Yong Kim, who was reappointed for another five-year term last month. Although the title of CEO is newly created, Georgieva will effectively replace Sri Mulyani Indrawati, formerly the bank’s managing director and chief operating officer, who was appointed Indonesian finance minister in July.

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