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IMF Board Aims to Pick Successor to Strauss-Kahn by June 30

The International Monetary Fund said it will aim to pick a leader to succeed Dominique Strauss-Kahn by the end of June and promised to choose the most-qualified candidate from among front-runners announced by the agency.

“The executive board has adopted a procedure that allows the selection of the next managing director to take place in an open, merit-based and transparent manner,” Shakour Shaalan, the senior member of the IMF’s 24-person board, said in a statement yesterday in Washington.