As of October 2020, Kristalina Georgieva is Managing Director of:

Correct option is A

The correct answer is (a) Kristalina Georgieva

Explanation:

As of October 2020, Kristalina Georgieva was serving as the Managing Director of the International Monetary Fund (IMF).

• She was appointed as IMF Managing Director on 1 October 2019, becoming the second woman to hold this position after Christine Lagarde.
• Before leading the IMF, she held key positions at the World Bank and the European Commission.
• As IMF chief, she played a crucial role in guiding global economic policies during the COVID-19 pandemic and supporting economic recovery initiatives worldwide.

Information Booster:

International Monetary Fund (IMF) – Overview

• The IMF is a specialized agency of the United Nations (UN), established in 1944 at the Bretton Woods Conference.
• Headquarters: Washington, DC, USA

Objectives:

• Foster global monetary cooperation and secure financial stability.
• Facilitate international trade and support high employment.
• Promote sustainable economic growth and work towards poverty reduction.
• Conduct economic surveillance by monitoring the financial health of member countries and providing policy recommendations.
• Offer technical expertise and training to improve economic governance.
• IMF funding often comes with policy reform conditions to ensure long-term economic stability.

Membership & Headquarters:

• Comprises 190 member countries.
• Headquartered in Washington, D.C., USA.

Organizational Structure:

Board of Governors:

• The highest decision-making body, with one Governor (Finance Minister or Central Bank Governor) and an Alternate Governor from each member country.

Executive Board:

•  A 24-member body overseeing day-to-day IMF operations, representing all member nations.
• Supported by IMF staff for analytical and policy work.

Managing Director:

• Serves as the head of the IMF staff and Chair of the Executive Board.
•  Assisted by four Deputy Managing Directors.