IMF board recommends rule change that would clear way for Georgieva

Washington (AFP) – The International Monetary Fund’s board on Wednesday recommended that an upper age limit for its managing directors be scrapped, clearing the path to the top job for Bulgaria’s Kristalina Georgieva.

Now, the representatives of each member country will have to vote on the recommendation, but it is expected to pass. 

Georgieva, the European Union’s candidate for the post, turned 66 on August 13 — making her too old for the job by just a few days, according to current rules that stipulate that candidates be 65 or younger.

If appointed, Georgieva would become the IMF’s second female managing director after Christine Lagarde, who has stepped down to head the European Central Bank.