IMF’s New Chief Vows to ‘Fix the Roof’ Before the Storm Hits

Kristalina Georgieva took the helm of the International Monetary Fund this week as its first leader to have lived through one of its stringent economic adjustment programs.

Her homeland of Bulgaria was going through a painful transition from socialism to a market economy in the 1990s, with surging debt and unemployment, a collapsing financial system and high inflation.