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Press Release No. 00/40
July 7, 2000
International Monetary Fund
700 19th Street, NW
Washington, D.C. 20431 USA

IMF Executive Board Establishes a Working Group
to Review the Process for Selection of the Managing Director

The Executive Board of the IMF has established a Working Group to Review the Process for Selection of the Managing Director. Members of the Working Group are listed in the attachment.

The Working Group will review the Fund's experience with the nomination, selection, and appointment of the Managing Director and will make recommendations on possible improvements to the selection process. The Working Group has the intention to provide a report to Executive Directors to permit the Executive Board to report to the International Monetary and Financial Committee for its September 2000 meeting.

The Working Group will cooperate with the World Bank Executive Board's Working Group to Review the Process for Selection of the President, whose establishment is also being announced today.

Attachment

Members of the Working Group to Review the Process
for Selection of the Managing Director

   

Thomas Bernes

Executive Director for Antigua and Barbuda, The Bahamas, Barbados, Belize, Canada, Dominica, Grenada, Ireland, Jamaica, St. Kitts and Nevis, St. Lucia,
St. Vincent and the Grenadines

   

Agustin Carstens

Executive Director for Costa Rica,
El Salvador, Guatemala, Honduras, Mexico, Nicaragua, Spain, Venezuela

   

Bernd Esdar

Executive Director for Germany

   

Jose Pedro de Morais

Executive Director for Angola, Botswana, Burundi, Eritrea, Ethiopia, The Gambia, Kenya, Lesotho, Liberia, Malawi, Mozambique, Namibia, Nigeria, Sierra Leone, South Africa, Swaziland, Tanzania, Uganda, Zambia, Zimbabwe

   

Aleksei Mozhin

Executive Director for Russia

   

Shakour Shaalan

Executive Director for Bahrain, Egypt, Iraq, Jordan, Kuwait, Lebanon, Libya, Maldives, Oman, Qatar, Syrian Arab Republic, United Arab Emirates, Republic of Yemen

   

Gregory Taylor

Executive Director for Australia, Kiribati, Korea, Marshall Islands, Federated States of Micronesia, Mongolia, New Zealand, Palau, Papua New Guinea, Philippines, Samoa, Seychelles, Solomon Islands, Vanuatu

   

Yukio Yoshimura (Chairman)

Executive Director for Japan





IMF EXTERNAL RELATIONS DEPARTMENT

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