Gerd Hausler notifies IMF of intention to leave

Gerd Hausler, Counsellor and Director of the International Monetary Fund's International Capital Markets Department (ICM), has notified IMF Managing Director Rodrigo de Rato of his intention to return to Europe and has asked to be released from his position effective July 2006.

Mr. Hausler was named to his current post in June 2001.

The Managing Director made the following statement to the Executive Board regarding Mr. Hausler's decision:

"Gerd has made an important contribution to the Fund as the

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