IMF managing director Dominique Strauss-Kahn notified the fund’s executive board of his intention to appoint Zhu Min, currently deputy governor of the People’s Bank of China, as his special advisor, a fund statement said.

Zhu, who joined the Chinese central bank in 2009 after more than a decade as a senior executive of the Bank of China, is expected to assume his position on May 3, the Washington-based fund said in a statement.

It is the highest ever IMF staff position to be held by a Chinese citizen.

The impending appointment follows growing clamor from China and other emerging nations for a bigger say in the running of the IMF and World Bank, the twin Bretton Woods institutions.

It has long been speculated that Zhu, who holds an economics doctorate from Johns Hopkins University and who was an economist at the World Bank from 1991 to 1996, would be appointed to a high-level post in the IMF.

Source : Konaxis