SINGAPORE (July 8): Senior Minister and chairman of the Monetary Authority of Singapore Tharman Shanmugaratnam has been included in the “early shortlist” of candidates to be the next managing director of the International Monetary Fund.

The top job at the global financial institution opened up after incumbent Christine Lagarde’s nomination to become the next president of the European Central Bank, taking over from Mario Draghi.

On July 2, Lagarde issued a statement announcing her decision to temporarily relinquish her responsibilities as the managing director of IMF. David Lipton, the first deputy managing director, has been named acting managing director.

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