IMF's Bo Li to Depart, Min Liao Proposed as Successor

Bo Li, the Deputy Managing Director of the International Monetary Fund (IMF), is set to depart from the institution on November 30, 2026, marking the end of his term. Kristalina Georgieva, the IMF Managing Director, announced that Min Liao, the Vice Minister of Finance from China, has been proposed as Li's successor, with the new appointment expected to take effect on December 1, subject to the completion of the appointment process.

Bo Li joined the IMF's senior management team in August 2021 and has been instrumental in overseeing the Fund's work with approximately 90 member countries, addressing major policy areas. His contributions include leading the launch of the IMF's first Enterprise Risk Management policy and modernizing its data governance framework.

Li also played a significant role in the development of policies regarding digital money and cross-border payments, as well as supporting debt restructuring efforts. His recent initiatives included integrating artificial intelligence into the Fund's operations.