World Bank appoints Kristalina Georgieva as chief executive

Kristalina Georgieva, a former head of EU humanitarian affairs and vice-president of the European commission, has been appointed chief executive of the World Bank.

The Bulgarian, who recently lost out in the race to become UN secretary general, will report to the bank’s president, Jim Yong Kim. Although the title of CEO is newly created, Georgieva will effectively replace Sri Mulyani Indrawati, formerly the bank’s managing director and chief operating officer, who was appointed Indonesian finance minister in July.
Source: The Guardian
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