Key facts
- Liao Min is proposed for the role of deputy managing director at the IMF.
- He is currently China's Vice Finance Minister.
- Liao would succeed Li Bo, whose term ends November 30.
- Liao would take office on December 1.
The International Monetary Fund's managing director, Kristalina Georgieva, has proposed appointing China's Vice Finance Minister Liao Min as a deputy managing director. The appointment, announced on Wednesday, would bring a figure with experience in financial regulation, trade negotiations, and sovereign debt restructuring into the IMF's senior leadership. Liao is slated to take office on December 1, succeeding Li Bo, whose term concludes on November 30. Li had joined the IMF in August 2021 from the People's Bank of China, where he served as deputy governor.