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Press Release No. 00/18
March 14, 2000

International Monetary Fund
700 19th Street, NW
Washington, D.C. 20431 USA

IMF Board Receives Nomination for IMF Managing Director

On Tuesday, March 14, 2000, the International Monetary Fund's (IMF) Executive Board received a formal nomination for the post of the Managing Director of the IMF.

Mr. Horst Köhler, President of the European Bank for Reconstruction and Development, was nominated on behalf of the European Union member states by Mr. Joao Santos, an Advisor in the Executive Board constituency that includes Portugal, which currently holds the presidency of the European Union. Mr. Bernd Esdar, Executive Director for Germany, made a statement in support of the nomination of Mr. Köhler.

The statements are posted on the IMF's website (

The Board was also informed of the withdrawal of Mr. Eisuke Sakakibara, former Vice Minister of Finance for International Affairs in the Ministry of Finance of Japan, as a candidate for the post of IMF Managing Director.

Executive Directors will continue their consultations with each other and their national authorities on the next steps. No decision has been made on the timing of any vote.


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