IMF says launches 'open, merit-based' search for new leader

FILE PHOTO: International Monetary Fund Managing Director Christine Lagarde arrivea for the Women's Forum Americas, at Claustro de Sor Juana University in Mexico City, Mexico, May 30, 2019. REUTERS/Carlos Jasso/File Photo - Copyright Carlos Jasso(Reuters)

By Reuters

Published on 26/07/2019 - 18:04•Updated 25/04/2024 - 15:25

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WASHINGTON (Reuters) - The International Monetary Fund said on Friday its executive board adopted an "open, merit-based and transparent" process to select a new leader to replace Christine Lagarde, with the aim of choosing a candidate by Oct. 4.

The IMF's board in a statement made no mention of specific potential candidates, but said its next leader should have a "distinguished record" in senior-level economic policymaking and the management and diplomatic skills needed to run a large global organization.