80 years of a colonial gentleman’s agreement is more than enough!

By Susan Otieno and Niranjali Amerasinghe, Country Directors for ActionAid Kenya and USA Opening Press Conference Kristalina Georgieva, Managing Director International Monetary Fund. Photo: World Bank / Grant Ellis When archaic rules continue to define the highest decision-making at the IMF and World Bank, there can be no surprise that critics are now saying that 80 … Continue reading 80 years of a colonial gentleman’s agreement is more than enough!

Georgieva reappointed as IMF Managing Director through an opaque and non-transparent process

2019 IMF/World Bank Annual Meetings, October 15, 2019 in Washington, DC. IMF Photograph/Cory Hancock On April 12th, a day before the beginning of the World Bank and IMF Spring meetings, the IMF Executive Board selected Kristalina Georgieva to serve as IMF Managing Director for a second five-year term starting in October 1, 2024. The Board’s … Continue reading Georgieva reappointed as IMF Managing Director through an opaque and non-transparent process

The Policy Trilemma in store for the next IMF Managing Director

Kristalina Georgieva’s background as an environmental economist with experience in the World Bank has marked her tenure as Managing Director in the IMF. Her support for a new SDR issuance, the call for increased fiscal spending during the COVID-19 emergency (‘do as much as you can’), the call to drop business as usual at COP28, … Continue reading The Policy Trilemma in store for the next IMF Managing Director

Civil society condemns the continuation of the “gentleman’s agreement” as European countries back Kristalina Georgieva for another term at the helm of the IMF

For Immediate Release: March 12, 2023 EU countries’ backing of Kristalina Georgieva for a second term as IMF Managing Director will likely set in motion the next steps towards her reappointment. This represents another lost opportunity to reform the governance of the Fund. Civil society organisations, including the Bretton Woods Project, Eurodad, Recourse, Christian Aid, … Continue reading Civil society condemns the continuation of the “gentleman’s agreement” as European countries back Kristalina Georgieva for another term at the helm of the IMF