The Executive Board of the International Monetary Fund (IMF) today selected Kristalina Georgieva to serve as IMF Managing Director and Chair of the Executive Board for a five-year term starting on October 1, 2019. Ms. Georgieva, who succeeds Christine Lagarde, is the first person from an emerging market economy to lead the IMF since its inception in 1944.
The selection of Ms. Georgieva by the 24-member Executive Board representing the IMF’s 189 member countries brings to a conclusion the selection process initiated by the Executive Board on July 26, 2019 (see Press Release No. 19/302). Following interviews with Ms. Georgieva, Executive Directors selected her for the position, effective October 1.
The Managing Director is the chief of the IMF’s operating staff and Chair of the Executive Board. The Managing Director is assisted by four Deputy Managing Directors in the operation of the Fund, which serves its membership through about 2,700 staff.
Ms. Georgieva, a national of Bulgaria, has been the Chief Executive Officer of the World Bank since January 2017. From February 1, 2019 to April 8, 2019, she was the Interim President for the World Bank Group. Starting in 2010, she was at the European Commission, serving as Commissioner for International Cooperation, Humanitarian Aid and Crisis Response, then as Vice President for Budget and Human Resources. Ms. Georgieva has a Ph.D. in Economic Science and a M.A. in Political Economy and Sociology from the University of National and World Economy in Bulgaria, where she also taught from 1977 to 1991.
Compliments of the IMF

Today in the margins of the United Nations General Assembly in New York, the European Union and the United Nations are hosting a high level event on the EU-UN Spotlight Initiative – inviting all countries, leaders, civil society representatives and local ambassadors to join the movement and take action to end violence against women and girls.

Ahead of the event, High Representative/Vice-President Federica Mogherini said: “Violence against women is violence against the entire society – so the entire society must react to end it. The European Union is already by far the first investor in gender equality around the world, and together with our partners, we will continue to fight for women’s human rights.”
Commissioner for International Cooperation and Development Neven Mimica added: “Over the last two years Spotlight has become a genuine movement. Thanks to the many survivors, activists, advocates, government and community leaders who have joined the initiative we are pushing ahead to end gender-based violence in all its forms. And to make sure that every woman and every girl, everywhere, is safe and free to realise her full potential.”
Deputy Secretary-General, Amina Mohammed said: “The Spotlight Initiative in partnership with national governments will also be introducing new country programmes for Afghanistan, Belize, Grenada, Guyana, Haiti, Jamaica, Kyrgyzstan, Papua New Guinea, Samoa, Tajikistan, Timor-Leste and Vanuatu in 2020. With our expanded global footprint, we can scale-up our collective efforts on violence prevention, protection and the provision of high-quality services, alongside broader efforts to ensure women’s economic empowerment and participation in all aspects of society.”
Two years after its launch, the Spotlight Initiative’s activities are spanning the entire globe – thanks to the EU’s and UN’s engagement, and the support of partner governments and civil society at all levels. 13 countries have already started implementing Spotlight programmes, and around 2/3 of the European Union’s initial seed funding of €500 million have already been allocated.
In Africa, Spotlight aims to eliminate sexual and gender-based violence, including harmful practices. The programme worth €250 million is under implementation across Liberia, Malawi, Mali Mozambique, Niger, Nigeria, Uganda and Zimbabwe. It will also include a regional component to scale up existing initiatives on fighting female genital mutilation and child marriage and joint activities with the Africa Union.
In Asia, the Spotlight Initiative is focussing on ending female trafficking and labour exploitation. The “Safe and Fair” programme, worth €25 million and implemented through the International Labour Organization and UN Women, aims at ensuring that labour migration is safe and fair for all women in the ASEAN region. It focusses on countries of origin – Cambodia, Indonesia, Lao PDR, Myanmar, Philippines, Vietnam – and countries of destination – Brunei Darussalam, Malaysia, Singapore and Thailand.
Further, €32 million are devoted to projects addressing gender-based violence in “forgotten crises”. The initiative is now rolling out and includes activities in Yemen, Iraq and Palestine, Bangladesh, Cameroon, Sudan, Mali and Chad; Ghana, Liberia and Mali.
In Latin America, the €50 million initiative focuses on ending femicide, with targeted programmes in Argentina, El Salvador, Guatemala, Honduras and Mexico, and on empowering regional networks.
The Pacific regional Spotlight programme was launched last March with a budget of €50 million and focuses on ending domestic violence in the region.
This will be followed by actions to tackle family violence in the Caribbean region, supported by an envelope of €50 million; the countries selected are Haiti, Jamaica, Grenada, Belize, Guyana, and Trinidad and Tobago.
Background
Violence against women and girls still takes place every day, whether at home, at work, at school, in the street, or online. As many as 1 in 3 women worldwide have experienced physical or sexual violence at some point in their lives.
The European Union and the United Nations launched the Spotlight Initiative, a multi-year partnership to eliminate all forms of violence against women and girls (VAWG) in September 2017.
The EU has offered initial seed funding of €500 million inviting other donors and partners to join the Initiative to broaden its reach and scope.
Public participation, ambitious political action that are built on evidence-based policies, as well as increased resources and knowledge generation are all vital to the Initiative.
Compliments of the European Commission

An international criminal network involved in the trafficking of 167 people for labour exploitation was taken down by the national authorities of France and Bulgaria in several joint action days. One French and three Bulgarian suspects were arrested and heard in France, and numerous searches were carried out in Bulgaria. Eurojust, the EU’s Judicial Cooperation Unit, supported the simultaneous operations through real-time coordination of the national judicial and law enforcement authorities, and by setting up a joint investigation team (JIT). The JIT allowed the authorities to safely and rapidly exchange vital information on the national investigations, and agree on and implement a common strategy.

In February 2019, the Specialised Jurisdiction (JIRS) of Lyon undertook an investigation into an organised crime group (OCG) and its leaders, involved in trafficking in human beings for the purpose of labour exploitation, as well as in money laundering. At the same time, a parallel investigation into the same criminal gang was initiated by the Bulgarian Specialised Prosecutor’s Office. Due to the transnational dimension of the case, the Public Prosecutor of Lyon immediately referred the case to Eurojust to coordinate and advance the national investigations, leading to the successful joint action days.
The members of the criminal network, which is composed of Bulgarian and French nationals, used a Bulgarian recruitment agency to attract underprivileged Bulgarians to perform allegedly well-paid jobs as seasonal workers in French vineyards. The aspiring workers were also promised free accommodation and transport, the costs of which were unknowingly deducted from their salaries, along with other high charges. The victims of the gang ended up receiving only two thirds of their income, which was not even sufficient to finance their transport back to Bulgaria. The human traffickers are also suspected of using properties in France to launder their ill-gotten gains.
The operation mobilized more than 80 French investigators, as well as several Bulgarian police officers, with the support of Europol  providing analytical and operational support.
Compliments of Eurojust

A joint statement following the third annual EU-US Privacy Shield review stressed the need for strong and credible enforcement of privacy rules to protect citizens and ensure trust in the digital economy.
Today, U.S. Secretary of Commerce Wilbur Ross and EU Commissioner for Justice, Consumers, and Gender Equality Věra Jourová made the following statement regarding the third annual joint review of the EU-U.S. Privacy Shield Framework:
“Senior officials from the United States Government, the European Commission, and EU data protection authorities gathered in Washington, DC on 12 and 13 September to conduct the third annual joint review of the EU-U.S. Privacy Shield Framework. The broad and senior level participation from both sides underscored the shared and longstanding commitment of the United States and the European Union to the Framework.
The U.S. Department of Commerce hosted the two-day review, which covered all aspects of the functioning of the Privacy Shield Framework from its administration and enforcement to broader U.S. legal developments regarding matters related to commercial data protection and national security data access. The review benefited from input from Privacy Shield participants and civil society stakeholders.
Privacy Shield ensures that participating companies and relevant government authorities provide a high level of protection for the personal data of EU individuals.  Since the Framework’s implementation on 1 August 2016, more than 5,000 companies have made public and legally enforceable pledges to protect data transferred from the EU in accordance with the Privacy Shield Principles.  The rapid and continued growth of the program demonstrates Privacy Shield’s vital role in protecting personal data and contributing to the $7.1 trillion economic relationship between the United States and Europe.
The EU and U.S. welcomed the appointment of several key U.S. officials with Privacy Shield responsibilities. The United States Senate confirmed two additional members to the independent, bipartisan U.S. Privacy and Civil Liberties Oversight Board, as well as Keith Krach, who in his Under Secretary role at the U.S. Department of State serves as the Privacy Shield Ombudsperson.
EU and U.S. officials both stressed the need for strong and credible enforcement of privacy rules to protect our citizens and ensure trust in the digital economy. As provided for in the Framework, the Department of Commerce will revoke the certification of companies that do not comply with Privacy Shield’s vigorous data protection requirements.
The European Commission will publish a report on the functioning of the Privacy Shield. This report will conclude this year’s review process.”
BackgroundOperational since 1 August 2016, the EU-US Privacy Shield protects personal data transferred from the EU to the U.S. for commercial purposes. It brings also legal clarity for businesses relying on the transmission of personal data across the Atlantic. By now, more than 5000 companies are certified under the Privacy Shield and thereby committing to comply with the data protection requirements.
As agreed at the time of its launch, the EU-US Privacy Shield is reviewed on a yearly basis, to assess that it continues to ensure an adequate level of protection of personal data. On 12 September 2019, Commissioner for Justice, Consumers and Gender Equality Věra Jourová, launched with the US Secretary of Commerce Wilbur Ross the discussions over the third annual review of the EU-U.S. Privacy Shield. The reports on the first and second review can be found here. The report of the third review will be made available at a later stage.
Download the full PDF here.
Compliments of the European Commission

Christine Lagarde obtained Parliament’s approval to be the ECB’s next President, in a plenary vote on Tuesday.

In the secret vote, MEPs voted 394 in favour, 206 against and 49 abstentions to recommend Ms Lagarde to head up the European Central Bank.
The European Parliament gives a non-binding opinion on whether or not a candidate is suitable to fill the role of President of the ECB, with the final decision taken by the European Council. She is due to replace the current incumbent, Mario Draghi on 1 November.
Earlier on Tuesday, the plenary held a debate on her suitability for the position.
Next steps
Ms Lagarde’s candidature will now be put on the agenda of October’s European Council summit.
Compliments of European Parliament