Kristalina Georgieva, the Managing Director of the International Monetary Fund (IMF), has announced a leadership transition within the organization. Bo Li, who has served as Deputy Managing Director since August 2021, will depart the IMF on November 30 at the conclusion of his term. Ming Liao, the current Vice Minister of Finance of China, has been nominated as his successor, with an expected start date of December 1.
Departure of Bo Li
Georgieva praised the outgoing deputy for his contributions during his tenure, which spanned a period of significant global economic turbulence. Otkakto se prisaedini kam MVF prez avgust 2021 g., Bo ima izklyuchitelno prisastvie v nashiya vissh rakovoden ekip i e skap priyatel za mnozina ot nas,
said Georgieva, as reported by Dir.bg. She commended his spokoina pretsenka
—calm judgment—and noted that he leaves a lasting mark on the institution.
Incoming Leadership
The nomination of Ming Liao brings a candidate with over three decades of experience in banking, financial regulation, and macroeconomic management. Georgieva highlighted Liao’s extensive background in global macroeconomic coordination and his involvement in multilateral financial and trade cooperation.
Today, I announced that DMD Bo Li will conclude his IMF term on Nov. 30. He leaves a lasting legacy and will be missed. I also proposed Mr. Min Liao as his successor, effective Dec. 1. His experience will be a tremendous asset to the IMF and our members. https://t.co/QTI6ptwiry pic.twitter.com/Bx3JKHC0br
Transition Details
- Bo Li’s final day at the IMF is scheduled for November 30.
- Ming Liao is slated to assume the position of Deputy Managing Director on December 1.
- The transition was formally announced by Georgieva via the IMF website.
While the nomination of Ming Liao has been made public by the Managing Director, the formal confirmation process and any specific internal shifts in responsibilities following the changeover remain to be finalized by the institution.
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