Selection Process for IMF Managing Director
Who appoints the IMF Managing Director?
The IMF’s Managing Director is both Chairperson of the Executive Board and Head of IMF staff. He or she is appointed by the Executive Board for a renewable term of five years. The Executive Board may select a Managing Director by a majority of votes cast. In the past, the Board has made such appointments by consensus.
Overview of IMF Managing Directors
What are the duties of the IMF Managing Director?
According to the IMF's Articles of Agreement, the Managing Director “shall be chief of the operating staff of the Fund and shall conduct, under the direction of the Executive Board, the ordinary business of the Fund. Subject to the general control of the Executive Board, he shall be responsible for the organization, appointment, and dismissal of the staff of the Fund.”
The Managing Director is assisted by a First Deputy Managing Director and three Deputy Managing Directors. He or she appoints the Deputy Managing Directors.
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This page was last updated in September 2022
