CAIRO: Egyptian Finance Minister Youssef Boutros-Ghali, who was replaced in a cabinet shake-up amid violent protests in Egypt this week, resigned on Friday as chairman of the International Monetary Fund’s steering panel, the fund said.
Boutros-Ghali was the first finance minister from a large developing country to chair the IMF’s International Monetary and Financial Committee, which he headed since Oct. 2008.
The IMF said in a statement it would immediately begin the process of choosing a new IMFC chair, which is determined in a vote by IMF member countries.
