Bulgaria's Georgieva Leaves EU Commission to Become World Bank CEO
Monday, 31 October 2016
EU Commission Vice President Kristalina Georgieva has said she is leaving the EU's executive body to take up a senior position at the World Bank.
The development is due to take effect as of January 02, 2017, Georgieva has said in a statement.
Her new appointment means Bulgaria will have to propose a successor.
Georgieva is due to become Chief Executive Officer at the International Bank for Reconstruction and Development (IBRD) / International Development Association (IDA) at the World Bank Group.
"When I arrived at the European Commission in 2010 from the World Bank I was leaving behind not just a job and an organisation that I loved, but a sector too: the world of Global Development," the Commission's Vice President in charge of budget and human resources says.
"I thought long and hard about my decision to accept the post of Chief Executive Officer IBRD/IDA at the World Bank Group. But finally I could not turn down the opportunity to return to a field which continues to fill me with passion for the work and the possibilities it brings for making an enduring difference to Europe and the rest of the world."
Sofia News Agency