To read this content please select one of the options below:

Georgieva will face World Bank diplomatic test

Monday, May 15, 2017


World Bank leadership change.


The arrival of Bulgarian economist Kristalina Georgieva as second-in-command at the World Bank Group may have a steadying effect on the institution, which faces uncertainties over its future size, shape and role as the United States retreats from multilateralism following the election of President Donald Trump.


  • Georgieva’s insider background and experience as EU budget chief will help her argue for continued US funding of the Bank.
  • The concept of an ‘infrastucture finance cascade’ may weaken arguments that the Bank should withdraw from middle-income countries.
  • Should the US administration block a World Bank capital deal, emerging economies could desert the Bank and favour new alternatives.

Related articles

Expert Briefings logo
Stay up to date
Sign up to the Expert Daily Briefings email alert and receive up-to-the-minute analysis of global events as they happen.
*If your university does not have access to Expert Briefings, visit our information page to find out more.