(Bloomberg Markets) — When Kristalina Georgieva became managing director of the International Monetary Fund last year, she brought unique experiences to the role. The first IMF head from an emerging market, she grew up in Bulgaria when it was a Soviet satellite state. Unlike her predecessor, France’s Christine Lagarde, who now leads the European Central Bank, and most of the 10 men who came before them, Georgieva didn’t build her reputation at a finance ministry or central bank. Instead, the environmental economist spent her career in academia, at the World Bank, and at the European Commission. But she says that prepared her well for what the IMF calls the “Great Lockdown”—the biggest economic shock since the Great Depression. As the Covid-19 pandemic halted business activity around the world, the organization fielded emergency loan requests from more than half of its 189…
IMF’s Georgieva Says Covid Crisis Is a Chance to Fix Capitalism
-
by Krupali
Related Content
T20 World Cup 2024: India full schedule, squad, IND-PAK match timings (IST) | ICC T20 World Cup News
by
Krupali
April 30, 2024
Israel’s alarm over ICC highlights potential for Gaza legal action
by
Krupali
April 30, 2024
Can Arbitrage Funds give negative returns?
by
Krupali
April 30, 2024
Tech View: Nifty short-term trend choppy. What traders should do on Wednesday
by
Krupali
April 23, 2024
Five people die in attempted Channel boat crossing to UK
by
Krupali
April 23, 2024
We are now BasuNivesh Fee Only Financial Planners !!
by
Krupali
April 23, 2024