{"id":68953,"date":"2024-03-16T17:33:58","date_gmt":"2024-03-16T17:33:58","guid":{"rendered":"https:\/\/www.africa-press.net\/uganda\/?p=68953"},"modified":"2024-03-16T16:36:17","modified_gmt":"2024-03-16T16:36:17","slug":"imf-to-appoint-new-managing-director","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/uganda\/all-news\/imf-to-appoint-new-managing-director","title":{"rendered":"IMF to appoint new managing director"},"content":{"rendered":"

Africa-Press – Uganda. <\/strong><\/span>The executive board of the International Monetary Fund (IMF) has kicked off the process of appointing a new managing director to continue driving the fund\u2019s economic policies which matters for all its member countries including Uganda.<\/b><\/p>\n

The process is set to end by April 2024.<\/p>\n

The benefits of being an IMF member state like Uganda is that the fund also provides technical assistance and financial support when a member country needs it.<\/p>\n

Ms Kristalina Georgieva currently serves as Managing Director of the International Monetary Fund, a position she was selected for on September 25, 2019.<\/p>\n

The coordinators of the Executive Board of the IMF, Mr Afonso S. Bevilaqua and Mr Abdullah F. BinZarah jointly said in a statement: \u201cWe are very pleased to announce that the Executive Board has adopted an open, merit-based, and transparent process for the selection of the next Managing Director, similar to the one used in recent rounds.\u201d<\/p>\n

They said the Executive Board underscores the importance it places on the successful candidate having the requisite global standing to lead the Fund, which stands at the center of the global financial system.<\/p>\n

\u201cIndividuals may be nominated by a Fund Governor or Executive Director and as with past practice, we aim to reach a decision by consensus. The Board intends to complete the process by end-April 2024,\u201d the two officials stated.<\/p>\n

Mr Afonso and Mr Abdullah said the board approved the decision as outlined: The successful candidate for the position of Managing Director will have a distinguished record in economic policymaking at senior levels.<\/p>\n

He or she will have an outstanding professional background, demonstrated the managerial and diplomatic skills needed to lead a global institution, and a national of any of the Fund\u2019s members.<\/p>\n

\u201cAs chief of the Fund\u2019s staff and as Chair of the Executive Board, he or she will be capable of providing strategic vision for the work of a high quality, diverse, and dedicated staff; and will be firmly committed to advancing the goals of the Fund by building consensus on key policy and institutional issues, including through close collaboration with the Executive Board, under whose direction he or she will fulfill his or her responsibilities,\u201d they said.<\/p>\n

An individual may be nominated for the position of Managing Director by a Fund Governor or an Executive Director during the period that shall commence on March 14, 2024, at 12:01 a.m. Washington, D.C. time and will close on April 3, 2024, at 11:59 p.m. Washington, D.C. time.<\/p>\n

For More News And Analysis About Uganda<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Uganda. The executive board of the International Monetary Fund (IMF) has kicked off the process of appointing a new managing director to continue driving the fund\u2019s economic policies which matters for all its member countries including Uganda. The process is set to end by April 2024. The benefits of being an IMF member […]<\/p>\n","protected":false},"author":84,"featured_media":68952,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[233,240,234],"class_list":["post-68953","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-africa-press","tag-africa-press-uganda","tag-uganda"],"yoast_head":"\nIMF to appoint new managing director - Uganda<\/title>\n<meta name=\"description\" content=\"The executive board of the International Monetary Fund (IMF) has kicked off the process of appointing a new managing ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/uganda\/all-news\/imf-to-appoint-new-managing-director\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"IMF to appoint new managing director\" \/>\n<meta property=\"og:description\" content=\"The executive board of the International Monetary Fund (IMF) has kicked off the process of appointing a new managing ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/uganda\/all-news\/imf-to-appoint-new-managing-director\" \/>\n<meta property=\"og:site_name\" content=\"Uganda\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2024-03-16T17:33:58+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/uganda\/sites\/34\/2024\/03\/sm_1710593804.698238.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"720\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/uganda\/all-news\/imf-to-appoint-new-managing-director#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/uganda\/all-news\/imf-to-appoint-new-managing-director\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/uganda\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"IMF to appoint new managing director\",\"datePublished\":\"2024-03-16T17:33:58+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/uganda\/all-news\/imf-to-appoint-new-managing-director\"},\"wordCount\":426,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/uganda\/all-news\/imf-to-appoint-new-managing-director#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/uganda\/sites\/34\/2024\/03\/sm_1710593804.698238.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Uganda\",\"uganda\"],\"articleSection\":[\"all news\",\"economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/uganda\/all-news\/imf-to-appoint-new-managing-director#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/uganda\/all-news\/imf-to-appoint-new-managing-director\",\"url\":\"https:\/\/www.africa-press.net\/uganda\/all-news\/imf-to-appoint-new-managing-director\",\"name\":\"IMF to appoint new managing director - 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