Connect with us

Popular World News

IMF executive board recommends scrapping age limit for Georgieva By Reuters

China forms new insurance group to take over Anbang

ECONOMIC NEWS

IMF executive board recommends scrapping age limit for Georgieva By Reuters

[ad_1]

IMF executive board recommends scrapping age limit for Georgieva

WASHINGTON (Reuters) – The International Monetary Fund said on Wednesday its executive board has recommended the removal of the age limit for its managing director, a move needed for European nominee Kristalina Georgieva to be approved for the job.

The IMF said its 24-member executive board recommended that the change be approved by the IMF board of governors, which includes representatives from all 189 member countries. It would bring the IMF in line with the World Bank Group, which has no leadership age limit.

Currently, IMF rules require that managing directors be under 65 at the time they take office and cannot serve past their 70th birthday. Georgieva, who has taken a leave of absence as the World Bank’s chief executive officer, turned 66 last week.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.



[ad_2]

Source link

Continue Reading
You may also like...
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

More in ECONOMIC NEWS

To Top
error: Content is protected !!
Top