Who is Kristalina Georgieva? Everything You Need to Know

Quick Facts

Also Known As: Kristalina Ivanova Georgieva-Kinova

Age: 71 Years, 71 Year Old Females

Family:

Spouse/Ex-: Kino Kinov

children: Desislava Kinova

Born Country: Bulgaria

Economists Bulgarian Women

Notable Alumni: University Of National And World Economy

City: Sofia, Bulgaria

More Facts

education: University Of National And World Economy

Recommended For You

1

What is Kristalina Georgieva known for?

Kristalina Georgieva is known for being the Managing Director of the International Monetary Fund (IMF).
2

What is Kristalina Georgieva's educational background?

Kristalina Georgieva holds a Ph.D. in Economic Science and a Master's degree in Political Economy and Sociology from the University of National and World Economy in Sofia, Bulgaria.
3

What are some key achievements of Kristalina Georgieva?

Some key achievements of Kristalina Georgieva include her role in managing global crises, such as the COVID-19 pandemic, and her efforts to promote sustainable development and gender equality.
4

How has Kristalina Georgieva contributed to the field of economics and finance?

Kristalina Georgieva has made significant contributions to the field of economics and finance through her work at the World Bank, the European Commission, and the IMF, where she has focused on issues such as poverty reduction, economic development, and financial stability.

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Childhood & Early Life

Kristalina Ivanova Georgieva-Kinova was born on August 13, 1953, in Sofia, Bulgaria. Her father was a civil engineer. She got an MA in Political Economy and Sociology from the Karl Marx Higher Institute of Economic, later renamed to the University of National and World Economy, in 1976.

In 1986, she completed her Ph.D. in Economic Sciences from the Karl Marx Higher Institute of Economic, writing a thesis on 'Environmental Protection Policy and Economic Growth in the USA'. She did post-graduate research in natural resource economics and environmental policy at the London School of Economics in the late 1980s and was a visiting scholar at the Massachusetts Institute of Technology in 1991.

Right after her college graduation, she became an Associate Professor at her college and served there until 1993, and also occasionally lectured at universities around the world. Much later, in 1997-98, she went through the Corporate Finance Certificate Program and the World Bank Executive Development Program at the Harvard Business School.

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Career

In 1993, Kristalina Georgieva became an environmental economist for Europe and Central Asia at the World Bank Group and served in that position for four years. She then became the Sector Manager for the East Asia and Pacific Region,before eventually taking charge as the Senior Director of the Environment and Social Development department in 1998.

In 2000-04, as Director of the Environment Department of the World Bank Group, she was in charge of environmental strategy, policies and lending, and oversaw around 60% of lending operations of the World Bank Group. For the next three years, she served as the institution's Director and Resident Representative in the Russian Federation, based in Moscow.

On her return to Washington D.C. in 2007, she took charge as the director of Strategy and Operations, Sustainable Development, before finally becoming the Vice-President and Corporate Secretary of the World Bank in 2008.

In this capacity, she worked on the Bank's governance reform and accompanying capital increase, and also maintained communication between the institution's senior management and (then) 186 shareholder countries.

After she was nominated for the post of European Commissioner for Humanitarian Aid and Crisis Management, she announced her intention to resign from the World Bank in January 2010. Her confirmation hearing took place at the European Parliament on February 4, 2010, where she received warm response from MEPs and her performance at the hearing was widely publicized in Bulgaria.

In 2014, amidst reports that she might get the post of High Representative of the Union for Foreign Affairs and Security Policy, her candidacy was announced by Bulgaria's interim prime minister. However, she was made the Vice-President for Budget and Human Resources by incoming European Commission President Jean-Claude Juncker, thereby becoming the only one of the seven vice-presidents never to have served as a national minister.

She was appointed the first Chief Executive Officer for the International Bank for Reconstruction and Development and the International Development Association on October 28, 2016, and took charge in the role on January 2, 2017. After World Bank Group President Jim Yong Kim stepped down in January 2019, she took over as the interim President of the World Bank Group on February 1, 2019.

In late September 2019, she was named the Managing Director of the International Monetary Fund, and assumed the office on October 1, 2019. She has become the first person from an emerging economy and the second woman after outgoing Christine Lagarde to head the IMF.

Major Works

Kristalina Georgieva played a key role in securing a $13 billion paid-in capital increase for World Bank's internal reforms, which is the largest funding increase in the Bank’s history.

Family & Personal Life

Kristalina Georgieva is married to engineer Kino Kinov, who lives in Sofia, Bulgaria, with their daughter. They recently welcomed a granddaughter as well.

Facts About Kristalina Georgieva

Kristalina Georgieva is fluent in multiple languages, including Bulgarian, English, and Russian, showcasing her dedication to breaking down communication barriers on a global scale.

In her spare time, Georgieva enjoys painting and drawing, demonstrating a creative side that complements her analytical and strategic skills in her professional role.

Georgieva is known for her love of hiking and outdoor adventures, highlighting her balanced approach to work-life integration and commitment to personal wellness.

As a strong advocate for gender equality, Georgieva has been a vocal supporter of initiatives promoting women's empowerment and leadership in various sectors.

Despite her busy schedule, Georgieva makes time to mentor and support young professionals entering the field of economics and finance, embodying a spirit of generosity and knowledge-sharing.

Kristalina Georgieva Biography

You wanted to know

What is Kristalina Georgieva known for?

What is Kristalina Georgieva's educational background?

What are some key achievements of Kristalina Georgieva?

How has Kristalina Georgieva contributed to the field of economics and finance?