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Thursday, 11 July 2019

Mohamed El Erian nominated to become the next head of the IMF

El Erian in the running to become the next IMF head: Former PIMCO CEO, Bloomberg columnist, and all-round market guru Mohamed El Erian is among the candidates to become the IMF’s new managing director when Christine Lagarde departs for the European Central Bank in November, the New York Times reported.

There’s no shortage of competition: Outgoing Bank of England Governor Mark Carney is the current favorite for the position, while the former governor of the Indian central bank Raghuram Rajan is in second, according to Bloomberg. Singaporean economist and politician Tharman Shanmugaratnam, Credit Suisse CEO Tidjane Thiam, and Agustin Carstens, general manager of the Bank of International Settlements have also thrown their hats into the ring, while former UK Chancellor George Osborne and ex-Federal Reserve Chair Janet Yellen reportedly have an outside chance.

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