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Press Release No. 99/56
November 23, 1999
International Monetary Fund
700 19th Street, NW
Washington, D.C. 20431 USA

IMF Board Issues Statement on Managing Director Selection Process

"The Board met for the first time today to begin the process of selecting the next Managing Director. This is still an early stage in what will be a very important decision. The Board discussed the exceptional qualities that the next MD will require. The process of choosing the best person for the job from the possible candidates will, through the Board, involve all the members of the Fund."


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