MANAGEMENT:
The fund is run by a board of governors consisting of one governor from each member country. The member is either a finance minister or the governor of the central bank. The board delegates its power to the executive board which includes 24 executive directors and is headed by a managing director. Six executive directors one each from the U.K., U.S.A., France, Germany, Japan, and India are permanent members and the rest are elected for two years. The executive board operates under the advice of Interim Committee which enjoys a ministerial level.
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