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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