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IMF suggested Rule change on Age Limit

Published on August 26, 2019
Current context: The International Monetary Fund's board has suggested a rule change to scrap the age limit for its leader.
IMF suggested Rule change on Age Limit 
  • As per IMF rules since 1951, the leading candidate should be of 65 years or younger.
  • The top candidate to serve as IMF managing director, Bulgaria's Kristalina Georgieva turned 66 in August 2019 and it makes her too old for the job.
  • If the recommendations were accepted, Georgia would become 2nd female managing director of IMF after Christine Lagarde.
  • The IMF’s Executive Board has recommended removing the age limit for the position of IMF Managing Director.
  • All 189 member countries of the IMF have to vote on the recommendation for its implementation.
  • The IMF plans to select a new leader by 4th October 2019, to replace Lagarde.

Question: 

Q.1 What is the present age limit of the managing director of the International Monetary Fund?
a. 66 years
b. 70 years
c. 50 years
d. 65 years
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