BREAKING NEWS

Stanley Fischer disqualified from IMF race due to old age

WASHINGTON - The IMF board on Monday disqualified Bank of Israel Governor Stanley Fischer for the IMF top job due to his age and shortlisted French Finance Minister Christine Lagarde and Mexican central bank chief Agustin Carstens, two board officials told Reuters.
The officials, who requested anonymity because the announcement had not yet been made official, said there was not enough support to change the fund's rules to allow the 67-year-old Fischer, , to run. IMF rules carry an age limit for first-time managing directors of 65 or older.
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