WASHINGTON (AP) — The new chief of the International Monetary Fund is appointing a senior White House official to be her top deputy.
Christine Lagarde selected David Lipton to be the first deputy managing director. Lipton currently is senior director for international economic affairs in the National Security Council.
The appointment continues the practice of having an American in the No. 2 position.
Lagarde also appointed Min Zhu, a former deputy governor of China’s central bank, to the position of deputy managing director. The appointment is intended to appease developing countries, which have long pushed for a greater voice at the international lending organization.
Lagarde was widely expected to appoint Zhu to a high-ranking position after China endorsed her candidacy for the top job.
