IMF’s board of governors removes age limit for new managing director

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Photo: Flickr/freeimage4life

The board of governors of the International Monetary Fund removed the age limit for the appointment of a new managing director on September 5.

The decision could facilitate the selection of the European Union’s candidate, Kristalina Georgieva, as the fund’s new head. Previous IMF rules prohibited the appointment of a candidate aged 65 or over, and Georgieva is 66.

In August, the IMF’s executive directors requested an amendment to the rules following Georgieva’s nomination. “Approval of the

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