Rato appoints committee to study IMF costs

IMF Managing Director Rodrigo de Rato on Thursday 18 May announced the appointment of a committee of eminent persons to provide the Fund with an independent view of the available options for ensuring that it has a sustainable and durable income base with which to finance its running costs over the long term.

The committee will be chaired by Andrew Crockett, President of JPMorgan Chase International and former General Manager of the Bank for International Settlements. Its members are Mohamed A.