Bulgaria's Georgieva Appointed To New Five-Year Term Atop IMF

Kristalina Georgieva, a Bulgarian economist, will serve as head of the International Monetary Fund (IMF) for a second five-year term, the Washington-based fund said on April 13. Georgieva, 70, said in a statement that she was "truly honored to continue to lead the IMF as managing director." She added that “"a more challenging global context demands an even more effective IMF. I will continue to devote all my energy to serve our members." The IMF is traditionally led by a European, while the World Bank is led by an American. To read the original story by RFE/RL’s Bulgarian Service, click here.