Kristalina Georgieva, a top World Bank official, was chosen by the 189-nation International Monetary Fund’s executive board on Wednesday to take the helm at the fund’s managing director.

Kristalina Georgieva, a top World Bank official, was chosen by the 189-nation International Monetary Fund’s executive board on Wednesday to take the helm at the fund’s managing director.

The new director, who will take over at the IMF on Oct. 1, is the fund’s first leader to come from an emerging market economy. Georgieva, 65, had held the No. 2 post at the World Bank since early 2017.

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