IMF board to begin selection of new chief Thursday

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The International Monetary Fund’s 24-member executive board will meet Thursday to begin the process of selecting a new leader, said John Lipsky, the IMF’s acting managing director. “We want this to happen as expeditiously as possible,” Lipsky said.

His comments came shortly after Treasury Secretary Timothy Geithner urged the IMF to quickly select a new chief through an open process.

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