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

    Deepavali: Public Transport Still Top Choice

    KUALA LUMPUR, Public transport remains the top choice for those taking advantage of the long Deepavali holiday to return to their hometowns.

    Although securing tickets is a challenge, this has not deterred most travellers.

    Security guard Mageisan Kri…

    CSOP: Pioneering Cross-border Opportunities in Hong Kong, Connecting Saudi Arabia with China’s Financial Markets

    HONG KONG, CSOP Asset Management Limited (“CSOP”) is thrilled to be part of the introduction of the Albilad CSOP MSCI Hong Kong China Equity ETF (symbol :9410) on the Saudi Stock Exchange (“Tadawul”) on October 30, 2024. 9410 will invest at least 95% …