IMF's First Deputy Managing Director to leave the Fund

Washington, Apr 27 (UNI) Ms Anne O Krueger, First Deputy Managing Director of the International Monetary Fund (IMF), will be leaving the Fund at the end of her term, which expires on August 31, 2006.

A successor to Ms Krueger, who joined the IMF on September 1, 2001, is expected to be named in due course by IMF Managing Director Rodriguez de Rato.

Announcing her intention to leave, Ms Krueger said, ''This has been a difficult decision for me and I am leaving with very mixed feelings. I shall be sad to leave the Fund after five years, a period in which I believe we achieved much, and at a time when important reforms that will further strengthen the Fund's effectiveness are getting under way. But I strongly believe that this is the right time for me to move on.'' Mr de Rato said, ''Anne Krueger has contributed to the Fund in many ways. The most obvious is her strong intellectual leadership.

Anne came to the Fund from Stanford, having held many distinguished academic positions. She also played an important role in shaping the IMF's Medium-Term Strategy.'' Before coming to the Fund, Ms Krueger was the Herald L and Caroline L Ritch Professor in Humanities and Sciences in the Department of Economics at Stanford University. She was also the founding Director of Stanford's Center for Research on Economic Development and Policy Reform; and a Senior Fellow of the Hoover Institution.

Ms Krueger had previously taught at the University of Minnesota and Duke University and, from 1982 to 1986, was the World Bank's Vice President for Economics and Research. She received her undergraduate degree from Oberlin College and her PhD in Economics from the University of Wisconsin.

UNI XC SC RN1113