Kristalina Ivanova Georgieva-Kinova (Bulgarian: Кристалина
Иванова Георгиева-Кинова, born 13 August 1953 in
Sofia) is a Bulgarian politician and the current chief executive
officer of the World Bank. Until 2017, she was European
Commissioner for Budget and Human Resources in the college of the
From 1993–2010, she served in a number of positions in the World
Bank Group, eventually rising to become its vice president and
corporate secretary in March 2008. She has also served as a member of
the board of trustees and associated professor in the Economics
Department of the
University of National and World Economy
University of National and World Economy in
Bulgaria. On 27 September 2016, the Bulgarian government nominated
Kristalina Georgieva for the post of United Nations
Secretary-General. Her short run Secretary-General at the UN ended
following a vote at the UN Security Council on 5 October, where
Georgieva ranked number eight out of ten candidates. In the same
António Guterres got the support of the Security Council for
the post of UN Secretary-General. On 28 October, the World Bank
announced that Georgieva would become the first CEO of the bank
starting on 2 January 2017.
Georgieva was named "European of the Year" in 2010 and "EU
Commissioner of the Year" as an acknowledgment of her work, in
particular, her handling of the humanitarian disasters in Haiti and
Pakistan. Previously, she had been nominated among the candidates for
the category "Commissioner of the Year", the prestigious award
organized by the
European Voice newspaper.
1 Early life and education
2 Early work (1993–2010)
3 Political career
3.1 European Commissioner for Humanitarian Aid and Civil Protection,
3.2 Vice-President of the European Commission, 2014-2016
4 Work after the European Commission
5 Other activities
7 Personal life
9 External links
Early life and education
Kristalina Georgieva holds a PhD in Economics and an MA in Political
Sociology from the University of National and World
Economy in Sofia, Bulgaria. Her thesis was on "Environmental
Protection Policy and Economic Growth in the USA". She also did
post-graduate research and studies in natural resource economics and
environmental policy at the
London School of Economics
London School of Economics in the late
1980s and at the Massachusetts Institute of Technology.
She held a range of academic and consulting positions in
the US, and has lectured on development topics in universities around
the world, including the Australian National University, Massachusetts
Institute of Technology, Tsinghua University, Yale University, Harvard
University, London School of Economics, the University of the South
Pacific and others.
Georgieva is fluent in Bulgarian, English, and Russian, and can also
speak some French.
Early work (1993–2010)
Georgieva started her career at the
World Bank Group in 1993 as an
environmental economist for Europe and Central Asia. Following this,
she served in various positions in the bank ultimately rising to
become Director of the Environment Department in charge of World
Bank's environmental strategy, policies, and lending. From 2004–2007
she was the institution's Director and Resident Representative in the
Russian Federation, based in Moscow.
She returned to Washington DC, to become director of Strategy and
Operations, Sustainable Development. Her final position at the World
Bank, vice president and corporate secretary, conveyed lead
responsibility for liaison with the members of the institution's Board
of Executive Directors, representing the Bank's shareholders (the
member country governments). During that time, she worked on the
Bank's governance reform and accompanying capital increase in the wake
of the 2008 international financial crisis.
In January 2010, Georgieva announced her intention to resign from this
post in view of her nomination to the Commission of the European
European Commissioner for Humanitarian Aid and Civil Protection,
Nomination and confirmation
After the former Bulgarian nominee, Rumiana Jeleva, came under fire
during the confirmation hearing from members of the European
Parliament over both her competence for the post and allegations of
gaps in her declaration of financial interests, she withdrew her bid.
The Bulgarian government then proposed
Kristalina Georgieva as their
new candidate. On 21 January 2010 the
European Commission President
José Manuel Barroso
José Manuel Barroso met with Georgieva and expressed his approval,
stating that "Mrs. Georgieva has solid international experience and
knowledge with which she is going to contribute significantly in her
capacity as a EU Commissioner".
The confirmation hearing of Georgieva took place at the European
Parliament on 4 February 2010. She faced questions on her suitability
for the international cooperation, humanitarian aid, and crisis
response portfolio. Georgieva identified Haiti as a priority,
especially the need to provide shelter and health services and to
restore the functions and service of the government, so as to start
work on reconstruction and long-term development. Other key issues
raised in discussions with MEPs had been improving co-ordination
within the EU (and within the Commission), and between humanitarian
and military players in order to meet the dual challenge posed by
expanding needs and shrinking budgets. The need to improve the
effectiveness of EU actions and for better response capacity had also
been stressed, together with the establishment of European Voluntary
Georgieva was given a warm response by MEPs, with Labour MEP Michael
Cashman praising her "honesty and deep breadth of knowledge". She was
applauded by committee members when she told British Conservative MEP
Nirj Deva that she would stand up for the interests of the EU and be
an independent mind. Ivo Vajgl, a Liberal MEP, also praised her,
saying: "let me compliment you on your peaceful manner and the
confidence you are exuding today". Her performance at the hearing
was widely publicized in
Bulgaria and broadcast live on many national
media, where it was seen as question of restoration of national honor
following Jeleva's unsuccessful hearing.
The second college of the Barroso Commission, including Georgieva, was
approved by the
European Parliament on 9 February 2010 by a vote of
488 to 137, with 72 abstentions, and she took office the following
During her term in office as Commissioner for International
Cooperation, Humanitarian Aid, and Crisis Response, Georgieva oversaw
the delivery of life saving assistance to nearly 500 million children,
women and men affected by conflicts and natural disasters around the
world. Immediately after taking office, she took responsibility
for coordinating the EU response to the humanitarian consequence of
the 2010 Haiti earthquake. As result of her actions, the EU became the
primary humanitarian donor in the devastated country. Following this
initial baptism of fire, Georgieva has ensured EU's response in a
number of crises and disasters that struck the world in 2010,
including the earthquake in Chile and the floods in Pakistan.
After taking office, Georgieva's presence in the field – in Haiti,
Chile and Pakistan as a response to the natural disasters that
have struck there; Sahel in relation to the ongoing food crisis
threat; Darfur as a way to tackle a forgotten conflict;
Kyrgyzstan as a reaction to a sudden onset conflict; disasters
within the EU such as the 2010 Romanian floods, the Hungarian
industrial accident at
Ajka, Hungary – along with timely and
effective response to these crises, natural and man-made disasters has
led to increased EU visibility.
Amid the Southeast Europe floods in May 2014, Georgieva coordinated
post-disaster assistance and helped prepare Serbia's request for aid
of as much as 1 billion euros ($1.4 billion) a year.
She also has worked to ensure that longer term prevention and
preparedness strategies are in place. In parallel with reacting to
natural and man-made disasters, Georgieva has continued to make good
progress on the three declared priorities of her mandate: building up
EU's disaster response capacity, creating the European Voluntary
Humanitarian Aid Corps foreseen in the Lisbon Treaty, and proceeding
with the mid-term review of the
European Union Humanitarian Aid
Consensus action plan. This work is expected to pave the way for
future legislative proposals.
Georgieva, in discussing the situation in the Gaza Strip, said that
she believes that the "humanitarian crisis...was artificially created
because of the blockade". However, she also commented that the idea of
a Gaza flotilla is not the correct action to take: "We are not in
favor of attempts to help people in this way".
Vice-President of the European Commission, 2014-2016
In 2014, news media reported that the ambassadors of several Western
EU countries early on indicated their countries’ support for
Georgieva to be nominated for the incoming Juncker Commission,
indicating that she might get the post of High Representative of the
Union for Foreign Affairs and Security Policy. Her candidacy had
been uncertain because of political infighting in Bulgaria. The
socialist party wanted to block her because she is a member of the
centre-right Gerb party, preferring
Kristian Vigenin instead. The
collapse of the socialist government, however, cleared the path for
her nomination. By August, Georgi Bliznashki, Bulgaria's interim prime
minister, announced her candidacy to replace Britain's Catherine
European Commission President
Jean-Claude Juncker instead
assigned the post of Vice-President for Budget and Human Resources to
Georgieva. She is thus the most senior technocrat in the Juncker
Commission, the only one of the seven vice-presidents never to have
served as a national minister. In her current capacity, she is in
charge of reporting on how the budget of the
European Union is spent
to the European Parliament, the Council and the European Court of
Auditors. Within months of taking her new position and amid skepticism
European Union and its budget of around $159 billion
reaching new heights, Georgieva was able to negotiate a
several-billion-dollar budget increase for 2014.
In May 2015,
United Nations Secretary-General
United Nations Secretary-General
Ban Ki-moon appointed
Nazrin Shah of Perak
Nazrin Shah of Perak as co-chairs of the High-Level
Panel on Humanitarian Financing, an initiative aimed at preparing
recommendations for the 2016 World Humanitarian Summit. In recent
years, Georgieva has been repeatedly mentioned a possible successor to
Ban Ki-moon as United Nations Secretary-General.
In June 2015, Georgieva announced the European Commission's
Jonathan Faull as head of a task force dealing with
reforms demanded by Prime Minister
David Cameron to keep the United
Kingdom in the European Union.
In October 2015, Georgieva announced that the European Commission's
legal services are preparing an overhaul of the European Anti-fraud
Office (OLAF), after a damaging leak of internal correspondence
revealed a bitter rift between the office and independent supervisory
Work after the European Commission
On 28 October 2016, the
World Bank announced that from 2 January 2017
Kristalina Georgieva will be the new Chief Executive Officer for the
International Bank for Reconstruction and Development
International Bank for Reconstruction and Development and the
International Development Association.
European Council on Foreign Relations
European Council on Foreign Relations (ECFR), Member
University of National and World Economy, Member of the Board of
China Council for International Cooperation on Environment and
Development (CCICED), Honorary Member (2012)
Institute for Sustainable Communities, Member of the Board of Trustees
LEAD International, Member of the Board of Trustees (2003-2009)
Attended the secretive
Bilderberg Group meeting in
Germany in June
2016: "Speaking to a Bulgarian media, Georgieva said she attended the
Bilderberg meeting in private capacity, but 'presented the position of
the Commission'."
As recognition of her work and her efficient reaction to the
humanitarian crises of the year, Georgieva was named Commissioner of
the Year in the "Europeans of the Year 2010" awards, organized by the
European Voice newspaper, which also named her "European
of the Year". The winners are chosen on the basis of online
voting,[who?] which is open until 31 October of each year. In
2016, Georgieva was honored with the Devex Power with Purpose award
for her work in global development.
In 2017, Georgieva was listed by UK-based company Richtopia at number
2 in the list of 100 Most Influential People in Multinational
Kristalina Georgieva is married and has one child. She has been living
in Washington DC, but is based in
Brussels as of 2014[update]. Her
hobbies include travelling, guitar playing, dancing and cooking exotic
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^ Permanent Mission of the
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Kristalina Georgieva CV" (PDF). European Union.
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Financing United Nations Secretary-General, press release of 21 May
World Bank appoints
Kristalina Georgieva as vice president". AFX
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Lilov, Grigor (2013). Най-богатите българи (in
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Bulgarian European Commissioner
Karel De Gucht
European Commissioner for Development
European Commissioner for Development and Humanitarian Aid
European Commissioner for International Cooperation, Humanitarian Aid
and Crisis Response
as European Commissioner for International Cooperation and Development
as European Commissioner for Humanitarian Aid and Crisis Management
as European Commissioner for Financial Programming and the Budget
European Commissioner for the Budget and Human Resources
Juncker Commission (2014–present)
Miguel Arias Cañete
1 = President. 2 = Vice President. 3 = King replaced Hill on 19
September 2016. 4 = Gabriel has been nominated to replace Georgieva.
Barroso Commission II (2009–14)
Foreign Affairs and Security Policy
Catherine Ashton1 (2010–14)
Justice, Fundamental Rights and Citizenship
Viviane Reding2 (2010–2014)
Martine Reicherts (2014)
Joaquín Almunia2 (2010–14)
Siim Kallas2 (2010–14)
Neelie Kroes2 (2010–14)
Industry and Entrepreneurship
Antonio Tajani2 (2010–14)
Ferdinando Nelli Feroci (2014)
Inter-Institutional Relations and Administration
Maroš Šefčovič2 (2010–14)
Economic and Monetary Affairs and the Euro
Olli Rehn2 (2010–14)
Jyrki Katainen2 (2014)
Janez Potočnik (2010–14)
Andris Piebalgs (2010–14)
Internal Market and Services
Michel Barnier2 (2010–14)
Education, Culture, Multilingualism and Youth
Androulla Vassiliou (2010–14)
Taxation and Customs Union, Audit and Anti-Fraud
Algirdas Šemeta (2010–14)
Karel De Gucht
Karel De Gucht (2010–14)
John Dalli (2010-12)
Tonio Borg (2012–14)
Research, Innovation and Science
Máire Geoghegan-Quinn (2010–14)
Financial Programming and the Budget
Janusz Lewandowski (2010–14)
Jacek Dominik (2014)
Maritime Affairs and Fisheries
Maria Damanaki (2010–14)
International Cooperation, Humanitarian Aid and Crisis
Kristalina Georgieva (2010–14)
Günther Oettinger2 (2010–14)
Johannes Hahn (2010–14)
Connie Hedegaard (2010–14)
Enlargement and European Neighbourhood Policy
Štefan Füle (2010–14)
Employment, Social Affairs and Inclusion
László Andor (2010–14)
Cecilia Malmström (2010–14)
Agriculture and Rural Development
Dacian Cioloș (2010–14)
Neven Mimica (2013–14)
1 = First Vice President. 2 = Vice President.
European People's Party
European People's Party (EPP)
European People's Party
European People's Party Group
Member parties (EU)
Associated parties (non-EU)
VMRO - DPMNE/ВМРО - ДПМНЕ
see European Parliament
José Manuel Barroso
José Manuel Barroso (President)
Andris Piebalgs (Development)
Jyrki Katainen (Economic and Monetary Affairs and the Euro)
Michel Barnier (Internal Market and Services)
Algirdas Šemeta (Taxation and Customs Union, Audit and Anti-Fraud)
Tonio Borg (Health and Consumer Policy)
Jacek Dominik (Financial Programming and the Budget)
Kristalina Georgieva (International Cooperation, Humanitarian Aid and
Günther Oettinger (Energy)
Johannes Hahn (Regional Policy)
Connie Hedegaard (Climate Action)
Dacian Cioloș (Agriculture and Rural Development)
see Barroso II Commission
Heads of government
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