Politics World

IMF: Lagarde chooses her assistants

The new executive director of the International Monetary Fund, Christine Lagarde, proposed American David Lipton and China’s Zhu Min to the posts of Deputy Directors of the IMF, reported Bloomberg on Tuesday.

M. Lipton, current adviser to the president and former senior U.S. Treasury Department, become the first Deputy Director of the IMF, while Zhu Min special adviser to Ms. Lagarde now, will occupy a new position of Deputy Director General Fund and will be responsible for relations with emerging markets.

According to Bloomberg  two candidatures must be approved by the Board of Directors of the IMF.

Christine Lagarde, who took the reins of the IMF last week, promises to promote its modernization by providing a bigger role to emerging countries, particularly the BRIC countries (Brazil, Russia, India and China).

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