Organization Profile - International Monetary Fund

International Monetary Fund

The information presented on the following pages is for reference purposes only and should not be considered or relied on as an authoritative or exhaustive source of all Governor in Council appointments or positions.

Minister Responsible

Minister of Finance

Appointment Provisions

Bretton Woods and Related Agreements Act
http://laws-lois.justice.gc.ca/eng/acts/B-7/page-5.html#h-1

The Board of Governors shall consist of one Governor and one Alternate appointed by each member country in such manner as it may determine. Ex officio, the Minister of Finance is the Governor.

The Canadian Governor and Alternate Governor are the only GIC appointees, and hold office during pleasure.

Remuneration

Governor/alternate Governor

  • Remuneration Nil - Statutory Prohibition
  • Governors and Alternates shall serve as such without compensation from the Fund, but the Fund may pay them reasonable expenses incurred in attending meetings (Article XII(2)h) of the Agreement).

Appointments

Appt/Expiry
Date
Ex Officio Governor (Minister of Finance) 
Morneau, William Francis
Ottawa, Ontario
During Pleasure (Interpretation Act)
2015-11-04
Alternate Governor 
Macklem, Tiff
Toronto, Ontario
During Pleasure (Interpretation Act)
2021-04-23