The large EU countries support a second term for Kristalina Georgieva as head of the IMF. Germany, France and Spain support the Bulgarian to continue as director of the organization from October 30.

According to an unwritten pact, the IMF has fallen to a European since its founding, while that of the World Bank remains in the hands of an American. The announcement from Paris and Berlin pave the way for her re-election with a view to next September 30, when that issue should have already been settled.