## Press Release: IMF Executive Board Initiates Selection Process for Next Managing Director

_IMF News, January 20, 2016_

## Source details

**Canonical URL:** [Press Release: IMF Executive Board Initiates Selection Process for Next Managing Director](https://www.imf.org/en/news/articles/2015/09/14/01/49/pr1619)

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## Bibliographic details
- Published: January 20, 2016

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### Statement and timeline
- 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.

### Candidate profile (requirements and expectations)
- The successful candidate will have:
  - A distinguished record in economic policymaking at senior levels.
  - An outstanding professional background.
  - Demonstrated managerial and diplomatic skills needed to lead a global institution.
  - Nationality of any of the Fund’s members.
  - 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.
  - 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.
  - A proven understanding of the Fund and the policy challenges facing the Fund’s diverse global membership.
  - A firm commitment to, and an appreciation of, multilateral cooperation.
  - Demonstrated capacity to be objective and impartial.
  - Effective communication skills.

### Nomination period and procedures
- Nomination eligibility:
  - An individual may be nominated by a Fund Governor or an Executive Director.
- Nomination period:
  - Commences on January 21, 2016 at 12:01 a.m., Washington, D.C. time.
  - Closes on February 10, 2016 at 11:59 p.m., Washington, D.C. time.
- Nomination handling:
  - All nominations shall be communicated to the Fund’s Secretary.
  - The Secretary shall obtain confirmation from each nominee of his or her willingness to be considered as a candidate.
  - The Fund’s Secretary shall hold the names of the nominees in confidence until the end of the nomination period.

### Shortlisting and selection mechanics
- Post-nomination disclosure:
  - 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.
- Shortlisting rules:
  - 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.
  - Shortlisting will take into account the candidate profile without geographical preferences.
  - 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.
  - Objective of completing the shortlisting process within seven days following the disclosure to the Board of the candidates.
  - Although the Executive Board may adopt a shortlist by a majority of the votes cast, the objective is to adopt a shortlist by consensus.
  - The shortlist shall be published by the Fund.
- Meetings and final selection:
  - The Executive Board will meet with the shortlisted candidates (or all of the candidates if there were fewer than four) in Washington, D.C.
  - Thereafter, the Executive Board will meet to discuss the strengths of the candidates and make a selection.
  - 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.
  - Objective of completing the selection process by March 3, 2016.

### Additional notes
- 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 Release No. 16/19 — January 20, 2016 — IMF COMMUNICATIONS DEPARTMENT*

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## References

- [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)

_Source: https://www.imf.org/en/news/articles/2015/09/14/01/49/pr1619_