IMF board releases plan for picking agency head

AP News
Posted: May 20, 2011 8:18 PM
IMF board releases plan for picking agency head

The executive board of the International Monetary Fund says over the next three weeks it will accept nominations from member countries for candidates to succeed Dominique Strauss-Kahn.

The IMF's 24-member executive board, which will pick the next IMF chief, says the nomination window will open on Monday and close on June 10. It says the nominations will be held in secret until the executive board has narrowed the list to three candidates and those three names will be announced.

The IMF board said it will meet with the top three vote-getters for interviews with a goal of picking the next IMF managing director by June 30. The main competition is expected to be between Europe and developing nations.