ISTANBUL: The International Monetary Fund (IMF) said its executive board has initiated the selection process for its next managing director. The IMF said the board has "adopted an open, merit-based, and transparent process" for the selection process, adding the board aims to reach a decision by consensus by the end of April. "The successful candidate for the position of Managing Director will have a distinguished record in economic policymaking at senior levels. He or she will have an outstanding professional background, will have demonstrated the managerial and diplomatic skills needed to lead a global institution, and will be a national of any of the Fund's members," it said in a statement on Wednesday. Kristalina Georgieva, the IMF's current managing director, is widely expected to be renominated for a second five-year term, after her current term expires on Sept. 30. Source: Philippines News Agency
