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IMF board defers decision on settling Georgieva’s future

Executives say agreement will come ‘very soon’ as Europeans keep support for managing director

The executive board of the IMF says it needs more information before coming to a decision about Kristalina Georgieva’s future at the helm of the institution, after failing to reach an agreement on Friday following extensive talks about allegations questioning her ethics in her previous position at the World Bank.

In a statement released late on Friday, an IMF spokesperson said the board had advanced its “thorough, objective and timely review” of the situation, but had not yet concluded their investigation.

“While the board has made significant progress in its assessment, it agreed at today’s meeting to request more clarifying details with a view to very soon concluding its consideration of the matter,” the person said.

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