The International Monetary Fund (IMF) has approved the removal of the age limit for the position of IMF managing director, paving the way for Kristalina Georgieva to head the multilateral lender.
Since 1951, the IMF’s bylaws had prohibited the appointment of a candidate aged 65 or over as managing director.
It had also prohibited the managing director from serving past his/her 70th birthday, the IMF executive board said in a statement. Read more