Mussa to relinquish position as IMF Director of Research

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Michael Mussa will be stepping down from his position as the IMF's Economic Counsellor and Director of the Research Department at the end of his current term, IMFManaging Director Horst Köhler announced.

Mussa will relinquish his post on June 29. But, at the request of Köhler, he will remain on staff until the end of September as Special Advisor to the Managing Director.

In announcing Mussa's resignation in a news brief dated March 7, Köhler said,"Michael Mussa has made an enormous contribution to the IMF and its work over the past decade, giving great service to our membership.He has provided wise counsel to the Executive Board, management, and staff, leading the Research Department during one of the most eventful periods in the IMF's history. I know he will be greatly missed by his many friends and colleagues here.

"During his tenure,Mike has significantly increased the contribution that the Research Department makes to the operational work of the IMF and has upgraded the World Economic Outlook, the International Capital Markets report, and the regular briefings to the Board on world economic and market developments," Köhler said.

Responding,Mussa said, "It has been an honor and a pleasure to work for the past decade as a member of the staff of the IMF.Despite recent criticism of the institution, the...