Current Affairs

IMF suggested Rule change on Age Limit

Current context: The International Monetary Fund's board has suggested a rule change to scrap the age limit for its leader.
IMF suggested Rule change on Age Limit 
  • As per IMF rules since 1951, the leading candidate should be of 65 years or younger.
  • The top candidate to serve as IMF managing director, Bulgaria's Kristalina Georgieva turned 66 in August 2019 and it makes her too old for the job.
  • If the recommendations were accepted, Georgia would become 2nd female managing director of IMF after Christine Lagarde.
  • The IMF’s Executive Board has recommended removing the age limit for the position of IMF Managing Director.
  • All 189 member countries of the IMF have to vote on the recommendation for its implementation.
  • The IMF plans to select a new leader by 4th October 2019, to replace Lagarde.

Question: 

Q.1 What is the present age limit of the managing director of the International Monetary Fund?
a. 66 years
b. 70 years
c. 50 years
d. 65 years
IMF suggested Rule change on Age Limit IMF suggested Rule change on Age Limit Reviewed by Neha on August 26, 2019 Rating: 5

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