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IMF eyes VP from BoC

SHANGHAI, Oct 13 – The International Monetary Fund could soon appoint a vice president from state-run Bank of China to a senior position at Beijing\’s suggestion, local media reported Tuesday.

Zhu Min — who would first take up a position at the People\’s Bank of China, the central bank — would be the first Chinese national to hold a major post within the Washington-based fund, the 21st Century Business Herald said.

China and other emerging countries have pressed the IMF to reform its governance structure to better reflect their growing global economic clout.

Zhu, a veteran in China\’s banking industry and a former economist with the World Bank, is considered a strong candidate to represent China\’s interests within the IMF, the newspaper said, citing unnamed sources.

The report did not say when he could take up the IMF post.

A spokesman at Bank of China declined to comment on the report.


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