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The next managing director of the IMF will replace Rodrigo Rato who announced in late June he would resign from the post (Photo: Wikipedia)

Russia spices up battle for top IMF job

Russia has unexpectedly proposed a Czech former central bank governor to compete for the post of International Monetary Fund chief with the EU's French candidate believed to have US support.

The Russian finance ministry announced on Wednesday (22 August) that it was proposing Josef Tosovsky, the current chairman of the Financial Stability Institute at the Bank for International Settlements in Switzerland, to head the 185-nation organization.

The nomination comes after the EU in la...

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The next managing director of the IMF will replace Rodrigo Rato who announced in late June he would resign from the post (Photo: Wikipedia)

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