In 2023, Ukraine’s Minister of Finance will head the World Bank’s Board of Governors and the IMF for the first time in history.

The leading member countries of the World Bank Group and the International Monetary Fund have elected the Minister of Finance of Ukraine, Serhiy Marchenko, as the Chairman of the Board of Governors of the World Bank and the IMF for 2023. This is the first time this has happened in 30 years of Ukraine’s membership in the two global financial organizations. The decision was made unanimously, noted the Ministry of Finance. Marchenko will also chair the annual meetings of both the IMF and the World Bank in 2023. Among the primary duties: chairing the plenary session of the annual meeting with the participation of finance ministers, governors from central banks of IMF and World Bank member countries, as well as the management of the IMF and the World Bank.