[Li Bo to Step Down as IMF Deputy Managing Director on November 30, 2026; Liao Min Proposed to Succeed] International Monetary Fund (IMF) Managing Director Kristalina Georgieva announced that IMF Deputy Managing Director Li Bo will step down upon the expiration of his term on November 30, 2026, and has proposed that Liao Min, Vice Minister of Finance of China, succeed him, effective December 1, 2026. Li Bo spearheaded the IMF's first corporate risk management policy and roadmap, promoted the modernization of the data governance framework, guided the IMF's work on digital currencies and cross-border payments, played a pioneering role in stablecoin regulation, and led work in the field of artificial intelligence (AI). (Source: Caixin)
