Kristalina Georgieva grew up on the wrong side of the line dividing two superpowers. The IMF chief fears a new era of rival blocs could lead the world to repeat the errors of the Cold War.
She grew up in a time of scarcity and repression, living on the wrong side of the line that divided two superpowers. Now she fears a new era of rival blocs could lead the world to repeat the errors of the Cold War.Kristalina Georgieva, the Bulgarian economist who heads the International Monetary Fund, is drawing from her
Bulgaria was the poorest of the original members of the Soviet-led economic bloc that was established in 1949 in response to the U.S. Marshall Plan for Western Europe. For years, Bulgaria was regarded as Moscow’s “most loyal ally,” said Theodora Dragostinova, a history professor at Ohio State University.Georgieva remembers the long lines at the grocery store where the shelves on some days held nothing but bottles of vinegar.
Thinking London might be her only chance to see the West, she filled three suitcases with textbooks, classroom notes and articles torn from the Financial Times before returning to Sofia. Living under communism taught her the impact of government policies on people’s lives for both good and ill, a lesson she brought to positions with the European Commission, theand in 2019 to the top job at the IMF. She spent a total of roughly 20 years at the bank, in two stints, beginning as an environmental economist and rising to interim president before moving to the fund.
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