Letter Submitted by Mr. Shakour Shaalan of the IMF's Executive Board to the New York Times

June 15, 2011

Sir:

As Dean of the IMF’s Executive Board, I would like to correct an unfortunate misstatement in the article " I.M.F. Names Lagarde and Carstens as Contenders for Top Post" (June 14).

Contrary to your report, Stanley Fischer’s nomination was received before the deadline of June 10. However, Mr. Fischer does not meet the age requirements set forth in the By-Laws of the Fund. There was insufficient support in the Executive Board to recommend that the Board of Governors amend the By-Laws.

Shakour Shaalan
IMF Executive Director and Dean of the IMF’s Executive Board



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