International News

EU’s Georgieva resigns to join World Bank

BRUSSELS, Oct 28 (APP/AFP): EU budget commissioner Kristalina Georgieva of Bulgaria has resigned from her Brussels job to become chief executive officer of the World Bank, her employers said Friday. “It is with great regret that I have accepted Kristalina Georgieva’s decision to resign from the European Commission,” Commission chief Jean-Claude Juncker said. Juncker said he has asked Guenther Oettinger, the European commissioner for digital economy, to assume the role of budget commissioner to replace Georgieva when she moves into her new job, which she will start at the start of January. Georgieva, a 63-year-old economist and former World Bank vice president, had been in the running for the new secretary general of the United Nations. But she was beaten in that race by Antonio Guterres, a former Portuguese prime minister.