Liao Min proposed to succeed Li Bo as IMF deputy managing director

The International Monetary Fund (IMF) has announced that Li Bo, its deputy managing director, will conclude his tenure and leave the fund on November 30, 2026.

IMF Managing Director Kristalina Georgieva released the announcement via the IMF's official website. She has proposed Liao Min, vice-minister of finance of China, to take on the role of Deputy Managing Director. The appointment is scheduled to take effect on December 1, 2026.