22 Aug 2022 09:57

Russian executive director at IMF nominated for re-election

MOSCOW. Aug 22 (Interfax) - Russia has again nominated Alexei Mozhin, whose deanship of the International Monetary Fund board of directors was temporarily suspended, for re-election as the country's executive director on the board.

Prime Minister Mikhail Mishustin signed a government order on August 19 instructing Russia's governor at the IMF, Finance Minister Anton Siluanov to nominate Mozhin on behalf of Russia for the Fund's executive director elections scheduled to be held from August 29 to October 14.

Mozhin, who became head of a new Russian government department for relations with international financial organizations back in 1991 when Yegor Gaidar was prime minister, was appointed Russia's executive director to the IMF in 1996 by then Prime Minister Viktor Chernomyrdin.

Since 2014, he has also served as dean of the IMF board as the oldest active member. This role involves certain functions such as making announcements on the board's behalf on the selection and appointment of the IMF's managing director.

However, in March the IMF board decided to temporarily suspend the position of board dean due to developments in Ukraine and possible influence on the Russian executive director's ability to effectively carry out duties in this position.