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Chinese economist Zhu Min nominated for a top IMF post

Other News Materials 13 July 2011 05:56
International Monetary Fund managing director Christine Lagarde Tuesday put weight behind her pledge to make sure developing nations are better represented in the international finance organization
Chinese economist Zhu Min nominated for a top IMF post

International Monetary Fund managing director Christine Lagarde Tuesday put weight behind her pledge to make sure developing nations are better represented in the international finance organization, dpa reported.

She nominated Chinese economist Zhu Min, an advisor to her predecessor Dominique Strauss-Kahn, to a newly created fourth deputy managing director position at the IMF.

Zhu was deputy governor of the People's Bank of China, where he was responsible for international affairs, policy research and credit information. He also worked at the World Bank for six years and taught economics at both Johns Hopkins University and Fudan University.

Lagarde nominated David Lipton, an adviser to US President Barack Obama and a former US Treasury official in the Clinton administration, to be her top deputy at the International Monetary Fund.

Both appointments are subject to approval by the IMF executive board.

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