Carstens picked to head IMFC

Agustín Carstens

Bank of Mexico governor Agustín Carstens has been chosen to head the IMF's International Monetary and Financial Committee (IMFC).

Carstens will take over as chairman from Singapore's deputy prime minister and finance minister Tharman Shanmugaratnam when he steps down on March 22. Carstens will serve a three-year term.

The 24-member IMFC is made up of central bank governors and finance ministers, with each country or group of countries that has the right to appoint an IMF executive director also

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