Washington: The International Monetary Fund on Wednesday formally selected Kristalina Georgieva of Bulgaria to be only the second woman to lead the 189-member institution.
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The selection had been all but guaranteed after the global crisis lender said earlier this month that Georgieva, a former World Bank CEO, was the sole candidate.
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She is to take up her position as managing director on October 1, replacing Christine Lagarde, who is set to take over the European Central Bank later this year.
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