Tuesday, July 12, 2011

Another Johns Hopkins Alum Making It Happen

American, Chinese Win Key IMF Posts 

WASHINGTON—The International Monetary Fund said Tuesday it would install White House aide David Lipton as its No. 2 official and elevate Zhu Min of China to a newly created deputy managing director post.

The appointments by new IMF managing director Christine Lagarde—who took over last week after serving as France's finance minister—maintain the longstanding arrangement in which a European fills the top post and an American takes the No. 2 role. The addition of Mr. Zhu, however, is a new move designed to balance the fund's traditional leadership with representation from emerging markets.

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