The International Monetary Fund has announced that its executive board has recommended removing the age limit for its managing director, a move needed for the EU’s nominee Kristalina Georgieva to be approved for the job.
The 24-member executive board of the IMF recommended that the change be approved by the IMF board of governors, which includes representatives of all 189 member countries.
Current IMF rules require that managing directors be under 65 at the time they take office and cannot serve past 70. Georgieva, who has taken a leave of absence as the World Bank’s chief executive officer, turned 66 last week.
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