Fischer joins IMF race


Stanley Fischer, the governor of the Bank of Israel, is in the running to become the next managing director of the International Monetary Fund (IMF).

Fischer announced his candidacy on Saturday. At 67, Fischer is two years older than the Fund's rule book allows. However, it is thought that the Israeli governor would not have applied unless he thought this hurdle could be overcome without too much difficultly.

In a brief statement, Fischer acknowledged the process would be complicated and that

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