New IMF chief economist nominated

International Monetary Fund chief Rodrigo de Rato said Wednesday 28 February he would recommend Simon Johnson, a professor at the Massachusetts Institute of Technology, as the IMF's new chief economist.

IMF Managing Director Rato said in a statement he had notified the fund's board of member countries of his choice of Johnson.

"Simon Johnson is a recognised leader in original economic research relevant to the fund, including the study of the causes and effects of economic crises, as well as dev