IMF Managing Director Kristalina Georgieva has proposed appointing Chinese Vice Minister of Finance Liao Min as the new Deputy Managing Director, succeeding Li Bo whose term ends on November 30, 2026. The appointment is set to take effect on December 1. Liao Min, born in 1968, has served as Vice Minister of Finance since May 2018 and concurrently sits on the People's Bank of China Monetary Policy Committee since 2023. His career includes roles at the People's Bank of China, China Everbright Group, Bank of China, and regulatory positions including Director General of the former China Banking Regulatory Commission's General Office and Head of the Shanghai Banking Regulatory Bureau. Li Bo, who assumed the Deputy Managing Director role in August 2021, oversaw operations related to approximately 90 member countries and led initiatives on digital currencies, cross-border payments, stablecoin regulation, and artificial intelligence.