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Reuters
Reuters
Business
By Andrea Shalal

Ukraine's Marchenko to chair IMF, World Bank governing boards in 2023

World Bank Serhiy Marchenko Ukraine International Monetary Fund David Malpass
FILE PHOTO: Ukraine's Finance Minister Serhiy Marchenko walks next to Ukrainian ambassador to the U.S. Oksana Markarova as they attend a bilateral meeting with U.S. Treasury Secretary Janet Yellen (not pictured) at the U.S. Treasury Department in Washington, U.S. October 11, 2022. REUTERS/Jonathan Ernst/File Photo

The shareholders of the International Monetary Fund and World Bank on Friday selected Ukrainian Finance Minister Serhiy Marchenko as the next rotating chair of the boards of governors of both institutions in 2023.

The decision, which was announced during the annual meetings of the IMF and World Bank in Washington, means that Marchenko will also chair next year's annual meeting of the institutions, which is scheduled to be held in Morocco.

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