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EU settles on World Bank’s Georgieva to lead IMF

The 65 year old chief executive of the World Bank got the backing of a majority of the 28 EU states, defeating the Dutch candidate Jeroen Dijsselbloem after two rounds of voting and prolonged negotiations among EU nations.

The former IMF chief, France’s Christine Lagarde, resigned in July after EU leaders chose her to be appointed as European Central Bank president.

Candidates for the head of IMF can be fielded until Sept. 6 following which the IMF plans to select its new head by Oct 4.

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