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Kristalina Georgieva

Vice-President for Budget and Human Resources, European Commission

Kristalina Georgieva is the current European Commission Vice-President for Budget and Human Resources. She negotiates and manages the EU budget, ensuring that it is invested in the best way to serve EU citizens. She protects the EU budget from fraud and corruption and develops a corporate talent‑management policy in the Commission, an organization with more than 33,000 staff members.

Prior to that function, Vice-President Georgieva was the Commissioner responsible for the EU’s International Cooperation, Humanitarian Aid and Crisis Response. During her term in office she oversaw the delivery of life saving assistance to nearly 500 million children, women and men affected by conflicts and natural disasters around the world. She also led the set-up of the European Emergency Response Coordination Centre and the operations of the EU Civil Protection Mechanism.

Before joining the European Commission in February 2010, she held a number of positions at the World Bank. From 2008 to 2010 she was Vice President and Corporate Secretary, acting as the interlocutor between senior management, the Board of Directors and the then 186 countries that made up the World Bank Group shareholders. In the wake of the 2008 international financial crisis she played a key role in the World Bank’s governance reform and accompanying capital increase. From 2007 to 2008 she was Director for Sustainable Development in charge of policy and lending operations in infrastructure, urban development, agriculture, environment and social development, including support to fragile and conflict-affected countries. In this role she oversaw around 60% of lending operations of the World Bank Group. Kristalina Georgieva started working at the World Bank in 1993 as Environmental Economist. She later became Director for Environment and Social Development for the East Asia and Pacific Region, and then Director in charge of World Bank environmental strategy, policies and lending.

In 2004 she was made World Bank Director for the Russian Federation, based in Moscow. Kristalina Georgieva has an M. A. in Political Economy and Sociology and a PhD in Economic Science from the University of National and World Economy in Sofia, Bulgaria, where she was an Associate Professor between 1977 and 1991. She conducted post-graduate research at London School of Economics in 1987-88. In 1991, she went to the Massachusetts Institute of Technology as a Visiting Scholar in environmental policy, co-led a course on economies in transition, and consulted on environmental policy in Eastern Europe.

She trained in Corporate Finance and in Executive Development at Harvard Business School in 1997-98. She has more than 100 publications on environmental and economic policy topics, including a textbook on microeconomics. During her term as European Commissioner for International Cooperation, Humanitarian Aid and Crisis Response, Kristalina Georgieva was awarded the 2010 Commissioner of the Year and European of the Year by European Voice. She was also awarded the 2014 Central European University Open Society Prize. Kristalina Georgieva was born in Sofia in 1953. She is married, with one child. In addition to her native Bulgarian she is fluent in English and Russian, and is constantly improving her French.