The decision was taken by consensus in April by the IMF Executive Board. Georgieva also received support from key European allies.
Her priority areas for long-term investment are: climate, artificial intelligence and boosting capital flows in Africa.
During Georgieva's tenure, the IMF has repeatedly helped countries that were struggling financially during the Kovid-19 pandemic and the devastation caused by Russia's invasion of Ukraine, particularly in Europe.
Under a controversial but decades-old agreement between Europe and the United States, the IMF has historically been run by a European and the World Bank by an American citizen. | BGNES
