IMF begins selection process for next managing director


ISTANBUL: The International Monetary Fund (IMF) said its executive board has initiated the selection process for its next managing director.

The IMF said the board has “adopted an open, merit-based, and transparent process” for the selection process, adding the board aims to reach a decision by consensus by the end of April.

“The successful candidate for the position of Managing Director will have a distinguished record in economic policymaking at senior levels. He or she will have an outstanding professional background, will have demonstrated the managerial and diplomatic skills needed to lead a global institution, and will be a national of any of the Fund’s members,” it said in a statement on Wednesday.

Kristalina Georgieva, the IMF’s current managing director, is widely expected to be renominated for a second five-year term, after her current term expires on Sept. 30.

Source: Philippines News Agency

  • malaysiang

    Related Posts

    Rubber Market Ends Higher Amid Crude Oil Recovery

    KUALA LUMPUR, The Kuala Lumpur rubber market closed higher on Wednesday, bolstered by recovering crude oil prices and the weakening of the ringgit against the US dollar, a dealer said.

    At 5.04 pm, the local currency contracted to 4.3800/3850 against …

    FBM KLCI Futures End In Negative Territory

    KUALA LUMPUR, The FTSE Bursa Malaysia KLCI (FBM KLCI) futures contract on Bursa Malaysia Derivatives ended lower today, in sync with the performance of the underlying cash market.

    Spot month October 2024 slid 10.5 points to 1,604.5, November 2024 sha…