Zhu Min will leave IMF in July

Lagarde praises deputy managing director for his “formidable intellect” and passion for economics

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Zhu Min at the World Economic Forum. Photo: Latvian State Chancellery

Zhu Min will leave the International Monetary Fund when his term expires next month, with the process underway to identify a successor.

Zhu joined the IMF as a special adviser in 2010, after serving as a deputy governor of the People's Bank of China (PBoC). He began a five-year term as deputy managing director in July 2011.

A Chinese news service, Caixin, has reported that another PBoC deputy, Zhang Tao, may be put forward as his successor. Zhang was an executive director at the IMF from 2011 to

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