IMF: First Chinese deputy managing director

WASHINGTON: The International Monetary Fund on Tuesday named Chinese economist Zhu Min to a new deputy managing director’s position, in a recognition of China’s huge power in the global economy. The IMF also named White House aide David Lipton to the Fund’s number-two position, replacing outgoing first deputy managing director John Lipsky. They were the first appointments made by new IMF managing director Christine Lagarde, who arrived last week promising a greater role for the world’s large emerging economies, currently under-represented on the IMF board and management. Zhu, 58, has been a special adviser to the IMF managing director since 2010. While a fourth deputy managing director position was created generally for an emerging economy representative, it was widely expected that someone from China.



Published in The Express Tribune, July 13^th, 2011.