Politics

Taoiseach expects Kristalina Georgieva to seek second term as IMF director

Leo Varadkar plays down prospect of Paschal Donohoe leaving national politics for Washington

Kristalina Georgieva: the IMF managing director’s term is due to expire in 2024. Picture: Getty

Leo Varadkar said he expects the current head of the International Monetary Fund (IMF) to seek a second term, further downplaying the prospect of Paschal Donohoe leaving national politics to lead the powerful US-based agency.

It emerged earlier this month that the Minister for Public Expenditure and reform held preliminary talks to become the next managing director of the IMF. The role is currently held by Kristalina Georgieva whose term is due to expire in ...