of Israel

Fischer Candidacy to Head IMF Disqualified

06/14/2011

JERUSALEM (JTA) -- Stanley Fischer, the governor of the Bank of Israel, will not be considered a candidate to lead the International Monetary Fund because of his age.

Fischer was notified Monday night that his announced candidacy for the position was disqualified since he is 67, and IMF rules state that the IMF Managing Director must be under 65 when taking office for the five-year position. Fischer had hoped that the IMF board would waive the restriction, saying it is "not relevant today."

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