EU chooses Georgieva as IMF candidate

BRENDAN SMIALOWSKI / AFP

The European Union (EU) has chosen Kristalina Georgieva as their pick to be the next head of the International Monetary Fund (IMF).

It came after more than a dozen hours of talks on Friday.

Experts say the sheer length of the meeting showed the level of internal division among the bloc.

Georgieva is the 65-year-old from Bulgaria who is currently the chief executive of the World Bank.

She got the backing of a majority of the 28 EU states to prevail over Jeroen Dijsselbloem from the Netherlands.