IMF chief endorsed for second term

EU finance ministers have agreed to support a second term for the International Monetary Fund’s Kristalina Georgieva.

European Union finance ministers are backing Kristalina Georgieva for a second term as head of the International Monetary Fund, Belgian Finance Minister Vincent Van Peteghem said. Support was unanimous among EU member states, he told reporters in Brussels. 

The job in Washington was at one stage linked to Paschal Donohoe who, as head of the Eurogroup, had appeared to want the top post at a time when it was unclear whether Ms Georgieva wanted, or would be endorsed by Europe and the US for a second term.