Committed to PEOPLE'S RIGHT TO KNOW
Vol. 5 Num 1103 Sun. July 08, 2007  
   
Business


IMF to consider selection process for new chief tomorrow


The International Monetary Fund executive board will meet Monday to consider the selection process for a successor to IMF chief Rodrigo Rato, a spokeswoman said Friday.

"There will be an informal meeting of the executive board on July 9 on the selection process of the managing director," the spokeswoman, Conny Lotze, told AFP. She provided no further details.

Rato said last week he was stepping down for personal reasons in late October, two years before his mandate is to expire.