{
  "title": "Press Release: IMF Executive Board Initiates Selection Process for Next Managing Director",
  "publication": "IMF News, January 20, 2016",
  "sourceUrl": "https://www.imf.org/en/news/articles/2015/09/14/01/49/pr1619",
  "canonical": "https://www.imf.org/en/news/articles/2015/09/14/01/49/pr1619",
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  "summary": "Dean of the Executive Board: Mr. Aleksei Mozhin.",
  "publishDate": "2016-01-20",
  "sections": [
    {
      "heading": "Statement and timeline",
      "content": "- Dean of the Executive Board: Mr. Aleksei Mozhin.\n- Announcement date: January 20, 2016.\n- Appointment of current Managing Director Christine Lagarde expires on July 5, 2016.\n- The Board intends to complete the selection process by early March.\n- Objective to complete the selection process by March 3, 2016."
    },
    {
      "heading": "Candidate profile (requirements and expectations)",
      "content": "- The successful candidate will have:\n  - A distinguished record in economic policymaking at senior levels.\n  - An outstanding professional background.\n  - Demonstrated managerial and diplomatic skills needed to lead a global institution.\n  - Nationality of any of the Fund’s members.\n  - Capability, as chief of the Fund’s staff and as Chairman of the Executive Board, of providing strategic vision for the work of a high quality, diverse, and dedicated staff.\n  - Firm commitment to advancing the goals of the Fund by building consensus on key policy and institutional issues, including through close collaboration with the Executive Board.\n  - A proven understanding of the Fund and the policy challenges facing the Fund’s diverse global membership.\n  - A firm commitment to, and an appreciation of, multilateral cooperation.\n  - Demonstrated capacity to be objective and impartial.\n  - Effective communication skills."
    },
    {
      "heading": "Nomination period and procedures",
      "content": "- Nomination eligibility:\n  - An individual may be nominated by a Fund Governor or an Executive Director.\n- Nomination period:\n  - Commences on January 21, 2016 at 12:01 a.m., Washington, D.C. time.\n  - Closes on February 10, 2016 at 11:59 p.m., Washington, D.C. time.\n- Nomination handling:\n  - All nominations shall be communicated to the Fund’s Secretary.\n  - The Secretary shall obtain confirmation from each nominee of his or her willingness to be considered as a candidate.\n  - The Fund’s Secretary shall hold the names of the nominees in confidence until the end of the nomination period."
    },
    {
      "heading": "Shortlisting and selection mechanics",
      "content": "- Post-nomination disclosure:\n  - At the end of the nomination period, the Secretary shall disclose to the Executive Board the names of those nominees who have confirmed their desire to be candidates.\n- Shortlisting rules:\n  - If the number of candidates exceeds three, the Executive Board will keep the names of these nominees in confidence until it has drawn up a shortlist of three candidates.\n  - Shortlisting will take into account the candidate profile without geographical preferences.\n  - The shortlisting process will be implemented through indications of which candidates receive the most support among Directors, taking into account the Fund’s weighted voting system.\n  - Objective of completing the shortlisting process within seven days following the disclosure to the Board of the candidates.\n  - Although the Executive Board may adopt a shortlist by a majority of the votes cast, the objective is to adopt a shortlist by consensus.\n  - The shortlist shall be published by the Fund.\n- Meetings and final selection:\n  - The Executive Board will meet with the shortlisted candidates (or all of the candidates if there were fewer than four) in Washington, D.C.\n  - Thereafter, the Executive Board will meet to discuss the strengths of the candidates and make a selection.\n  - Although the Executive Board may select a Managing Director by a majority of the votes cast, the objective is to select the Managing Director by consensus.\n  - Objective of completing the selection process by March 3, 2016."
    },
    {
      "heading": "Additional notes",
      "content": "- The process is described as open, merit-based, and transparent, similar to the one used in the previous round.\n- Individuals may be nominated by a Fund Governor or Executive Director.\n- The Board aims to reach a decision by consensus.\n\nPress Release No. 16/19 — January 20, 2016 — IMF COMMUNICATIONS DEPARTMENT\n\n---\n\n\n References\n\n- Press Releases\n- Q&A on the Managing Director Selection Process\n- The Managing Director Selection Process\n- PRESS CENTER\n- https://www.imf.org/en/home\n\nSource: https://www.imf.org/en/news/articles/2015/09/14/01/49/pr1619"
    }
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    "Published: January 20, 2016",
    "Dean of the Executive Board: Mr. Aleksei Mozhin.",
    "Announcement date: January 20, 2016.",
    "Appointment of current Managing Director Christine Lagarde expires on July 5, 2016.",
    "The Board intends to complete the selection process by early March.",
    "Objective to complete the selection process by March 3, 2016.",
    "The successful candidate will have:",
    "Nomination eligibility:",
    "Nomination period:",
    "Nomination handling:",
    "Post-nomination disclosure:",
    "Shortlisting rules:",
    "Meetings and final selection:",
    "The process is described as open, merit-based, and transparent, similar to the one used in the previous round.",
    "Individuals may be nominated by a Fund Governor or Executive Director.",
    "The Board aims to reach a decision by consensus.",
    "[Press Releases](https://www.imf.org/en/news/searchnews)",
    "[Q&A on the Managing Director Selection Process](https://www.imf.org/external/np/exr/faq/mdselection.htm)",
    "[The Managing Director Selection Process](https://www.imf.org/external/np/exr/facts/mdsp.htm)",
    "[PRESS CENTER](http://presscenter.imf.org/)",
    "[https://www.imf.org/en/home](https://www.imf.org/en/home)"
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