April 6, 2016/IMF On February 19, 2016, the Executive Board of the International Monetary Fund (IMF) reviewed the adequacy of the Fund’s precautionary balances.[1] Precautionary balances are one element of the IMF’s multi-layered framework for managing financial risks. These balances, comprising the Fund’s general and special reserves[2] and the Special […]
Tag: Executive Board
Christine Lagarde Gets Second Term of Five Years as Managing Director IMF
By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-The executive board of the global lender, the International Monetary Fund (IMF) on Friday announced it has selected Christine Lagarde to serve as the Fund’s managing director (MD) for a second five-year term starting on July 5, 2016. “The Board’s decision was taken by consensus,” […]
IMF Nominates Christine Lagarde Managing Director in Selection Process
By InvestAdvocate Lagos (INVESTADVOCATE)-Global lender, the International Monetary Fund (IMF) said on Thursday Christine Lagarde, has been nominated as managing director (MD). Aleksei Mozhin, the dean of the executive board of the fund said the period for submitting nominations for the position of the next managing director closed on Wednesday, […]
