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Frequently Asked Questions on Managing Director (MD) Selection
Last Updated: April 12, 2024
When will the Managing Director assume her duties?
The Executive Board on April 12, 2024 (see Press Release No. 24113) selected Kristalina Georgieva to serve as IMF Managing Director and Chair of the Executive Board for a second five-year term starting on October 1, 2024.
What is the term of office of a Managing Director?
Consistent with the IMF’s By-Laws, the contract of a Managing Director is for a term of five years and may be renewed for the same term or for a shorter term.
Who can nominate a candidate?
An individual may be nominated for the position of Managing Director by a Fund Governor or an Executive Director during the nomination period of each round.
When the Executive Board votes for a candidate to be the MD, is it done by individual country votes or by the Executive Director’s voting power?
The Managing Director is selected by the Fund’s 25 member Executive Board. Individual countries do not cast votes. Although the Executive Board may select a Managing Director by a majority of the votes cast, the objective of the Executive Board is to select the Managing Director by consensus.
