The International Monetary Fund (IMF) has announced the departure of its Deputy Managing Director, Bo Li, effective November 30, 2026, following the conclusion of his term.
In a statement released on Wednesday, October 28, 2026, the Fund expressed its appreciation to Li for his years of service and contribution during his time as Deputy Managing Director.
“Since joining the IMF in August 2021, Bo has been an outstanding member of our senior management team and a dear friend to so many of us. He has helped guide the Fund through some of the most turbulent years for the global economy with steady judgment, intellectual rigor, and a quiet kindness that people across the institution have come to value deeply,” said Ms. Georgieva.
As Deputy Managing Director, Mr. Li has been responsible for the Fund’s work on about 90 member countries, as well as a wide range of policy issues. He led the launch of the Fund’s first Enterprise Risk Management policy and roadmap, and the modernisation of its data governance framework.
Mr. Li also guided work on digital money and cross-border payments, and led seminal work on stablecoin regulation. He championed the Fund’s engagement with small developing states, supported debt restructurings under the Common Framework, and guided the institution’s agenda on governance and corruption. More recently, Mr. Li has spearheaded work on artificial intelligence, helping integrate AI into the Fund’s surveillance, lending, and capacity development work.
The IMF also announced that Mr. Min Liao, currently Vice Minister of Finance of the People’s Republic of China, has been proposed to succeed Mr. Li as Deputy Managing Director, effective December 1, 2026.
According to the Fund, Mr. Liao brings deep expertise in the coordination of fiscal and monetary policies and has served as a member of the People’s Bank of China’s Monetary Policy Committee since 2023. Prior to his current role, he was Director-General of the Bureau of International Economy at the Central Leading Group for Financial and Economic Affairs, and earlier served as Director-General of the Shanghai Banking Regulatory Bureau. He began his career at the People’s Bank of China, China Everbright Group, and Bank of China.
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