Management
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Video (7:00): IMF Managing Director Dominique Strauss-Kahn
Highlights of this section:
The IMF is led by a Managing Director, who is head of the staff and Chairman of the Executive Board. He is assisted by a First Deputy Managing Director and two other Deputy Managing Directors. The Management team oversees the work of the staff, and maintain high-level contacts with member governments, the media, non-governmental organizations, think tanks, and other institutions.
Managing Director: Duties and selection
According to the IMF's Articles of Agreement, the Managing Director "shall be chief of the operating staff of the Fund and shall conduct, under the direction of the Executive Board, the ordinary business of the Fund. Subject to the general control of the Executive Board, he shall be responsible for the organization, appointment, and dismissal of the staff of the Fund."
The IMF's Executive Board is responsible for selecting the Managing Director. Any Executive Director may submit a nomination for the position, consistent with past practice. When more than one candidate is nominated, as has been the case in recent years, the Executive Board aims to reach a decision by consensus.
Dominique Strauss-Kahn, a French national, became the IMF's tenth Managing Director in November 2007. Previously, he was the Finance Minister of France during 1997-99.
John Lipsky, an American, has been First Deputy Managing Director since September 2006. Before coming to the IMF, he worked for JPMorgan Investment Bank.
Takatoshi Kato, a Japanese national, became Deputy Managing Director of the IMF in February 2004. Previously, he advised the president of Tokyo-Mitsubishi Bank.
Murilo Portugal, from Brazil, became Deputy Managing Director of the IMF in December 2006. From 2005 to 2006, he was Brazil's Deputy Minister of Finance.
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