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Something may be up at IMF: Chinese central banker to become deputy director
IMF Managing Director Kristalina Georgieva Proposes Appointment of Mr. Bo Li as Deputy Managing Director
Frpm the International Monetary Fund
Sunday, June 28, 2021
WASHINGTON -- Kristalina Georgieva, managing director of the International Monetary Fund, announced today to the Executive Board of the IMF her proposal to appoint Mr. Bo Li as deputy managing Director, effective August 23, 2021. Mr. Li is currently deputy governor of the People's Bank of China. He will succeed Mr. Tao Zhang, who, as previously announced, steps down on August 22.
In announcing her selection of Mr. Li, Ms. Georgieva said:
"Mr. Li brings extensive experience in central banking and law. During his more than 14 years of service at the PBOC between 2004 and 2018, he held a variety of senior positions, including as head of the legal and regulation department, and of two monetary policy departments. While at the PBOC, he was instrumental in supporting and implementing several important reforms and policies, including state-owned banking reform; anti-money laundering legislation; and establishing a macroprudential policy framework for China." ...
... For the remainder of the announcement:
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