IMF says launches 'open, merit-based' search for new leader



WASHINGTON (Reuters) – The International Monetary Fund said on Friday its executive board adopted an “open, merit-based and transparent” process to select a new leader to replace Christine Lagarde, with the aim of choosing a candidate by Oct. 4.

The IMF’s board in a statement made no mention of specific potential candidates, but said its next leader should have a “distinguished record” in senior-level economic policymaking and the management and diplomatic skills needed to run a large global organization.

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