IMF disqualifies Fischer


Stanley Fischer, the governor of the Bank of Israel, was notified on Monday night that the board of directors of the International Monetary Fund (IMF) had decided not to include him among the candidates for the position of IMF managing director, because of his age.

According to IMF regulations, the managing director has to be younger than 65 at the time he takes office. Fischer is 67, but many thought the IMF would change the rules to let him run.

The Israeli central bank issued a statement

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