China’s Zhu expected to get high IMF post
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China’s Zhu expected to get high IMF post
by JonlyBonly Wed Jul 06, 2011 11:56 pm
July 6, 2011, 11:38 p.m. EDT
China’s Zhu expected to get high IMF post
By Chris Oliver, MarketWatch
HONG KONG (MarketWatch) — China will likely be given a senior-level position within the International Monetary Fund for one of its nationals, according to reports Thursday, saying a fourth deputy-managing director slot will be created to accommodate the plan.
Zhu Min, a Chinese economist who served as a special adviser to former IMF managing director Dominique Strauss-Kahn, is expected to be named to fill the new post, according to the reports.
Zhu previously worked as deputy governor of China’s central bank and also spent six years at the World Bank before joining the Fund.
The move is part of changes brought by new IMF Managing Director Christine Legarde, who has pledged to diversify the institution and give emerging economies a greater role in its management.
A Wall Street Journal report said the appointment would reflect Lagarde’s stated wishes to diversify the fund in terms of culture and background, in addition to gender and race.
Chris Oliver is MarketWatch's Asia bureau chief, based in Hong Kong.
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China’s Zhu expected to get high IMF post
By Chris Oliver, MarketWatch
HONG KONG (MarketWatch) — China will likely be given a senior-level position within the International Monetary Fund for one of its nationals, according to reports Thursday, saying a fourth deputy-managing director slot will be created to accommodate the plan.
Zhu Min, a Chinese economist who served as a special adviser to former IMF managing director Dominique Strauss-Kahn, is expected to be named to fill the new post, according to the reports.
Zhu previously worked as deputy governor of China’s central bank and also spent six years at the World Bank before joining the Fund.
The move is part of changes brought by new IMF Managing Director Christine Legarde, who has pledged to diversify the institution and give emerging economies a greater role in its management.
A Wall Street Journal report said the appointment would reflect Lagarde’s stated wishes to diversify the fund in terms of culture and background, in addition to gender and race.
Chris Oliver is MarketWatch's Asia bureau chief, based in Hong Kong.
[You must be registered and logged in to see this link.]
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