IMF: First Chinese deputy managing director
Zhu, 58, has been a special adviser to the IMF managing director since 2010.
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 13th, 2011.
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 13th, 2011.