Finance

Donohoe’s chances to become IMF boss gone as Germany backs Kristalina Georgieva

Endorsement has cast further doubt that on the idea that Paschal Donohoe might land the role

Kristalina Georgieva: IMF chief’s current term ends in September, and she said Friday that she “would be honoured” to serve for longer. Picture: Getty

Kristalina Georgieva is “exactly the right person to steer” the International Monetary Fund, Christian Lindner, the German minister for finance, has said, openly acknowledging his country’s backing for a second term.

The endorsement has cast further doubt that on the idea that Paschal Donohoe might land the role.

Commenting in a X post, Lindner said that Georgieva navigated the IMF “through difficult times over the last years.”

“I am convinced that she is exactly ...