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BREAKING NEWS

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

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 -
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Carlos Jasso(Reuters)
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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.

(Reporting by David Lawder; Editing by Richard Chang)

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