Press Release No. 00/40

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

July 7, 2000


    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





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