IMF's Rato proposes Murilo Portugal as deputy

Rodrigo de Rato, managing director of the International Monetary Fund proposed the appointment of Murilo Portugal to the position of deputy managing director on Monday 23 October.

Portugal, a Brazilian national, was until recently Deputy Minister of Finance of Brazil and served as an Executive Director of the IMF between 1998-2005.

He will succeed Agustin Carstens, who last week left the Fund to accept an appointment in Mexico President-elect Felipe Calderon's transition team.

Rato said "Murilo