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SOMETHING BIG ! IMF DIRECTOR STEPS DOWN, PAVING WAY FOR TRUMP APPOINTEE!
Posted By: jensingr Date: Saturday, 9-Jan-2021 07:27:41
www.rumormill.news/140313
IMF director steps down, paving way for Trump appointee
Phil Thornton
4 hours ago
David Lipton’s resignation could allow US president to increase influence over financial watchdog
One of the most senior figures at the International Monetary Fund is stepping down in a move that will allow the Trump administration to influence who will take over as second-in-command at the financial watchdog.
David Lipton, 66, will step down as first deputy managing director after a nine-year tenure that made him the longest-serving official to hold what is effectively the number two position.
When he leaves at the end of this month he will be joined by Carla Grasso, chief administrative officer and one of three deputy managing directors appointed in 2015.
The moves will allow the IMF’s managing director Kristalina Georgieva to stamp her mark on the organisation four months after she took on the top job. It is understood she wants to raise the profile of the departmental directors who are the key people who will implement her policy on the ground.
However, according to precedent, the first deputy managing director of the IMF has traditionally been an American national, offsetting the fact that Europeans have always held the top job of the Washington-based multilateral lender.
Traditionally the White House submits a shortlist of candidates from which the managing director will pick her nomination, who is then approved by the fund’s executive board based on consensus.
https://www.independent.co.uk/news/business/news/imf-director-trump-appointee-david-lipton-resigns-replacement-who-a9324316.html
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RMN is an RA production.
Articles In This Thread
- SOMETHING BIG ! IMF DIRECTOR STEPS DOWN, PAVING WAY FOR TRUMP APPOINTEE!
jensingr -- Saturday, 9-Jan-2021 07:27:41
- GOLDMAN SACHS PARTNER TO RETIRE
jensingr -- Saturday, 9-Jan-2021 07:27:41
- CREDIT SUISSE EXEC. QUITS OVER SPYING SCANDAL
jensingr -- Saturday, 9-Jan-2021 07:27:41
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