SHANGHAI :
IMF Headquarters May Move to Beijing in a Decade, Says Its Director Lagarde
Xu Wei
DATE:  Jul 25 2017
/ SOURCE:  Yicai
IMF Headquarters May Move to Beijing in a Decade, Says Its Director Lagarde IMF Headquarters May Move to Beijing in a Decade, Says Its Director Lagarde

(Yicai Global) July 25 – The headquarters of the International Monetary Fund (IMF) could move to Beijing in a decade if the growth trends of China and other major emerging markets continue and these are reflected in the IMF's voting structure, Managing Director of IMF, Christine Lagarde, said yesterday.

Lagarde, who previously held various ministerial posts in French cabinets, was speaking at a meeting held by Center for Global Development in Washington D.C. Headquarters relocation is a "possibility" as the major emerging markets grew larger and became more influential and the IMF would definitely expand their presence in the Fund's voting structure, she noted.

"Which might very well mean, that if we have this conversation in 10 years' time…we might not be sitting in Washington, D.C. We'll do it in our Beijing head office," Lagarde said, adding that, as stipulated in the IMF Charter, the headquarters shall be located in the member state with the largest economy.

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Keywords:   IMF,Headquarters,Managing,Director,Lagarde,Washington,Beijing,Charter