Ms Georgieva assumed her position as the CEO for the World Bank on January 2, 2017

As the CEO for the International Bank for Reconstruction and Development and the International Development Association, the World Bank’s lending arms for middle-income and poor countries, Georgieva will build support across the international community to help mobilize resources and develop more effective solutions for the poor at the scale required.

Previously, Georgieva, a Bulgarian national, helped shape the agenda of the European Union since 2010, first as Commissioner for International Cooperation, Humanitarian Aid and Crisis Response, where she managed one of the world’s largest humanitarian aid budget and established herself as a global champion for resilience.

As the European Commission Vice President for Budget and Human Resources, Georgieva was in charge of the European Union’s euro 161 billion (USD 175 billion) budget and 33,000 staff across its institutions around the world. She tripled funding available to the refugee crisis in Europe and drove rapid progress towards achieving a target of 40 per cent women in management by 2019 in order to improve the Commission’s gender balance.

Georgieva is widely respected for her efforts to mobilize the international community to find innovative solutions to today’s complex challenges. As the co-chair of the United Nations Secretary-General’s High-Level Panel on Humanitarian Financing, she secured the adoption of a much more effective system to meet the needs of record numbers of vulnerable people.

Before joining the European Commission, Georgieva held multiple positions at the World Bank. In her most recent role as the Vice President and Corporate Secretary (2008-2010), she was the interlocutor between the World Bank Group’s senior management, its Board of Directors and its shareholder countries. In the wake of the 2008 international financial crisis, she played a key role in the World Bank’s governance reform and accompanying capital increase.

From 2007 to 2008, Georgieva was Director for Sustainable Development in charge of policy and lending operations in infrastructure, urban development, agriculture, environment and social development, including support to fragile and conflict-affected countries. In this role she oversaw around 60 per cent of lending operations of the World Bank Group.

Prior to that, in 2004, Georgieva was made World Bank Director for the Russian Federation, based in Moscow. Then she became Director in charge of the World Bank environmental strategy, policies and lending. Following that assignment, she became Director for Environment and Social Development for the East Asia and Pacific Region. Georgieva started working at the World Bank in 1993 as an Environmental Economist.

Deeply knowledgeable in international development and finance, Georgieva established a well-deserved reputation during her time at the Bank for her ability to build broad consensus and turn strategies into practice. She has more than 100 publications on environmental and economic policy topics, including a textbook on microeconomics.

Kristalina Georgieva was born in Sofia, Bulgaria, in 1953.  She holds a Ph.D in Economic Science and a M.A. in Political Economy and Sociology from the University of National and World Economy, Sofia, where she was an Associate Professor between 1977 and 1991.

Source: World Bank


October 28, 2016

World Bank Group President Jim Yong Kim announced the appointment of Kristalina Georgieva as Chief Executive Officer of the International Bank for Reconstruction and Development (IBRD) and the International Development Association (IDA), lending arms for middle-income and poor countries known collectively as the World Bank.

“Kristalina is a globally recognized leader with a proven track record in improving the lives of those most in need,” said Kim. “She will be the strongest possible champion for the work of our dedicated staff in addressing the complex challenges faced by our partner countries. I am proud to welcome Kristalina back to the World Bank family.”

Georgieva, a Bulgarian national, held multiple positions at the World Bank Group between 1993 – 2010 focusing on economics and sustainable development. In her last role at the bank she served as Vice President, Corporate Secretariat, the interlocutor between the World Bank Group’s senior management, its Board of Directors and its shareholder countries.

After leaving the World Bank Group in 2010, Georgieva played an important role in shaping the agenda of the European Commission, first as Commissioner for International Cooperation, Humanitarian Aid and Crisis Response, where she managed the world’s largest humanitarian aid budget.

“As Humanitarian Aid Commissioner, Kristalina established herself as a global champion for the concept of resilience,” Kim stated. “Helping countries manage global shocks and threats is at the core of the World Bank Group’s efforts to end poverty and boost shared prosperity.”

In her current role as European Commission Vice President for Budget and Human Resource, Georgieva is in charge of the European Union’s euro 161 billion (USD 175 billion) budget and 33,000 staff across its institutions around the world. Georgieva tripled funding available to the refugee crisis in Europe and drove rapid progress towards achieving a target of 40 percent women in management by 2019 in order to improve the Commission’s gender balance.

Georgieva also served as co-chair of the United Nations Secretary-General’s High-Level Panel on Humanitarian Financing, where she pressed for and secured a more effective system to meet the needs of vulnerable people.

Georgieva will begin her appointment January 2, 2017.

Source: World Bank