Key facts
- Liao Min has been proposed for a senior leadership role at the International Monetary Fund.
- The appointment is set to take effect December 1.
- Liao Min will succeed Deputy Managing Director Li Bo.
China's Vice Finance Minister Liao Min has been proposed for a senior leadership role at the International Monetary Fund. Managing Director Kristalina Georgieva announced on October 28 that Liao would succeed Deputy Managing Director Li Bo, whose term concludes on November 30. The appointment is slated to take effect on December 1. Liao's career has spanned economics studies at Peking University, commercial banking, financial regulation, and China's economic policymaking, including negotiations with U.S. officials and creditors of developing countries.