Bulgarian economist Kristalina Georgieva took over as IMF chief, signaling her five-year term will champion empowering women and fighting climate change.
WASHINGTON (AN) — Bulgarian economist Kristalina Georgieva took over as managing director of the International Monetary Fund on Tuesday, signaling her five-year term will champion issues such as empowering women and fighting climate change.
Georgieva, who had served as the World Bank's first CEO since January 2017, was the only nominee to lead the Washington-based IMF, an international organization of 189 countries charged with ensuring the stability of the international monetary system.
Minimum wage workers in the E.U. had the most purchasing power in Germany and the least in Estonia.
The South African president invoked Nelson Mandela's emphasis on global 'interdependence' and cooperation.
Billionaires' wealth 'surged' by $2 trillion in a year, while 44% of the world population lives on less than $6.85 a day.
The global organization forecasts some improvement in the world economy but says Trump's plans cloud the outlook.
"Europe faces a clear and present danger," E.C. President Ursula von der Leyen said as the emergency meeting began.
The averate rate of gains for women-held seats accelerated between 2000 and 2015, but slowed in the last decade.
The five-point plan, unveiled as "ReArm Europe," is Europe's largest military and economic mobilization effort this century.
After an extraordinary U.S. repudiation, Ukraine won pledges from world leaders to urgently boost Europe's self-defense.
