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Kristalina Georgieva, the new managing director of the International Monetary Fund, applauded the Trump administration's "bravery to use a tax reform to spur more growth" in an exclusive interview with "Axios on HBO."

Why it matters: Georgieva vowed that she would be able to persuade the U.S. to commit more money to the fund during the course of her five-year term. "I will get my quota increase," she said — in the face of reported U.S. opposition and a U.S. veto over any changes.

Georgieva comes to the IMF from the World Bank, where she was CEO and where she was a key part of the team that received a major capital increase from the U.S. The main Trump administration official in charge of those negotiations was David Malpass, who was then at Treasury and who now runs the World Bank. Georgieva describes him as a friend.

Between the lines: Georgieva has a picture hanging in her office that she acquired in Tashkent, Uzbekistan, in the mid-1990s. It shows two men arguing over chickens, and she says it reminded her of the way that World Bank and IMF economists would argue with each other.

  • Georgieva says that now that she has moved from the World Bank to the IMF, she is bringing the two institutions closer together.
  • "The IMF has learned that if you do adjustment and you don't pay attention to the social costs of adjustment — if you don't have measures in place to make it easier for the most vulnerable people — then there could be a backlash," she says.

Go deeper

Biden picks up his pen to change the tone on racial equity

Vice President Harris looks on as President Biden signs executives orders related to his racial equity agenda. Photo: Doug Mills-Pool/Getty Images

President Biden is making a down payment on racial equity in a series of executive orders dealing with everything from private prisons to housing discrimination, treatment of Asian Americans and relations with indigenous tribes.

The big picture: Police reform and voting rights legislation will take time to pass in Congress. But with the stroke of his pen, one week into the job Biden is taking steps within his power as he seeks to change the tone on racial justice from former President Trump.

Most Senate Republicans join Rand Paul effort to dismiss Trump's 2nd impeachment trial

Photo: Joshua Roberts-Pool/Getty Images

Forty-five Senate Republicans, including Minority Leader Mitch McConnell, supported an effort to dismiss former President Trump's second impeachment trial.

Why it matters: The vote serves as a precursor to how senators will approach next month's impeachment trial, making it highly unlikely the Senate will vote to convict. The House impeached Trump for a second time for "incitement of insurrection" following events from Jan 6. when a pro-Trump mob stormed the Capitol.

Texas judge temporarily halts Biden's 100-day deportation freeze

Photo: Mandel Ngan/AFP via Getty Images

A federal judge in Texas has temporarily blocked the Biden administration's 100-day freeze on deporting unauthorized immigrants.

Why it matters: Biden has set an ambitious immigration agenda, but he could face pushback from the courts.