Reuters: Germany expects Georgieva to become IMF

Germany is optimistic that Bulgaria’s Kristalina Georgieva will become the head of the International Monetary Fund, a spokeswoman for the German Finance Ministry said on Monday, as cited by Reuters.

European Union governments picked 65-year-old Georgieva as the bloc’s candidate to lead the IMF after more than 12 hours of talks on Friday. Most EU states backed Georgieva even though her candidacy will force a change in IMF rules that require the managing director to be younger than 65 years old when appointed.

Germany does not expect Georgieva’s age to stand in the way of her becoming IMF head, the German Finance Ministry spokeswoman said.

Source: FOCUS News Agency