The International Monetary Fund (IMF) has announced the re-election of Kristalina Georgieva for a second term as Managing Director of the institution.

In fact, the 70-year-old Bulgarian, who was vice-president of the European Commission and managing director of the World Bank, was the only candidate for her own succession. And, according to the IMF's Executive Board, her leadership is "strong and agile", and in recent years she has provided an "unprecedented response" to global crises.

This Friday's election was carried out by consensus. The new mandate begins on October 1st of this year.

In 2019, she benefited from a change in the IMF's statutes regarding the age limit, allowing her candidacy to be valid.

In a speech released after her re-election, Kristalina Georgieva said she was honored by the trust given and that in recent years, under her leadership, the Washington-based body "has helped member countries cope with successive shocks, including the pandemic, war and conflict, and the cost of living crisis",

He also said that work had been intensified on issues such as climate change and the digital transition, which are gaining importance in macroeconomic and financial stability, growth and employment, and that he would continue to make the IMF contribute to countries facing global challenges.