IMF Chief Resigns, Runs for German President

World | March 5, 2004, Friday // 00:00

Horst Koehler resigned as IMF chief on Thursday to seek the German presidency, leaving the fund's top job open prematurely and reigniting a politically charged debate over who should run the organization. His deputy, Anne Krueger, will replace him until member nations agree on a successor. Germany's opposition parties -- which chose Koehler for the post -- control the special assembly that elects the president, so he is almost certain to be elected on May 23.

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