IMF Board confirms Carstens as new Deputy Managing Director

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The IMF's Executive Board has confirmed Agustín Carstens' appointment as Deputy Managing Director-the first from Mexico.

Carstens, who most recently served as Mexico's Deputy Secretary of Finance and had previously served as an IMF Executive Director, is expected to take up his new duties on August 1.

In his speech in Mexico City, IMF Managing Director Horst Köhler underscored his delight that Carstens has agreed to join the IMF's management team."Not only will the IMF in Washington gain...