Off the wire
• New Zealand government confirms date for TPP signing  • Woodside to write down 1.2 billion U.S. dollars of oil and gas assets  • Chinese investors set to buy one of Australia's largest grain farms  • China Hushen 300 index futures open mixed Thursday  • Chinese yuan weakenens to 6.5585 against USD Thursday  • China treasury bond futures open higher Thursday  • Market exchange rates in China -- Jan. 21  • Chinese shares open lower Thursday  • 1st LD-Writethru: 12th National Congress of Vietnamese communist party opens  • Xinhua world news summary at 0030 GMT, Jan. 21  
You are here: 　 Home

IMF starts to select new chief

Xinhua, January 21, 2016 Adjust font size:

The International Monetary Fund (IMF) on Wednesday kicked off the selection process for its next managing director to replace Christine Lagarde, whose term will expire in early July.

According to an IMF announcement, the fund will receive nominations from Jan. 21 to Feb. 10, and then its 24-member Executive Board will select three candidates from them.

The IMF board is expected to complete the selection process by March 3, and the new managing director's term will begin on July 5.

Lagarde said last year that she was open to serving a second term. No challengers have expressed running intention as yet.

Lagarde, a former French finance minister, took over as head of the IMF in 2011. She is the first woman to lead the Washington-based institution. Endi