Press Release: IMF Deputy Managing Director Min Zhu to Leave the Fund
IMF News, June 21, 2016
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Bibliographic details
- Published: June 21, 2016
Announcement and key dates
- Press Release No. 16/297
- Publication date: June 21, 2016
- Ms. Christine Lagarde announced that Deputy Managing Director Min Zhu intends to leave the Fund when his term expires in late July, 2016.
- Mr. Zhu was appointed to a five-year term in July 2011.
- Mr. Zhu served as Special Advisor to the Managing Director of the IMF from 2010 to 2011.
- Media contact: IMF COMMUNICATIONS DEPARTMENT, Media Relations; E-mail: media@imf.org; Phone: 202-623-7100
Roles, responsibilities, and contributions
- Provided “immense support” to the Managing Director and management colleagues, with noted “down-to-earth style, wonderful sense of humor, and warm personality.”
- Spearheaded the Fund’s work on jobs and growth following the global financial crisis, when employment issues moved into focus due to the lackluster recovery.
- Oversaw the Fund’s activities concerning fragile states, small states and low-income countries; supported expansion of outreach and publications in this area.
- Provided leadership in:
- statistics, standards and codes
- strengthening the Financial Sector Assessment Program (FSAP)
- efforts to combat money laundering and the financing of terrorism
- Contributed to the IMF’s risk management framework and helped reshape the Fund’s Annual Meetings, held jointly with the World Bank.
- Brought strong relations with other institutions, including the World Bank, the UN family, the World Economic Forum, and other international and regional organizations.
Career background and education
- Prior positions:
- Deputy Governor of the People’s Bank of China (prior to joining the Fund in 2010)
- Worked at the World Bank
- Taught economics at Johns Hopkins University and Fudan University
- Academic qualifications:
- Ph.D. in economics from Johns Hopkins University
- M.A. in economics from Johns Hopkins University
- M.P.A. from the Woodrow Wilson School of Public and International Affairs at Princeton University
- B.A. in economics from Fudan University
Succession process and remarks
- The process is underway to identify a candidate to succeed Mr. Zhu as Deputy Managing Director; further announcements will follow in due course.
- Ms. Lagarde: “I will miss Min dearly, both as a friend and a loyal and trusted advisor. I thank him for his tireless dedication and immense contributions to the Fund, and wish him the very best in the next exciting chapter of his life.”
Source: IMF press release dated June 21, 2016.