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.

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International Monetary Fund

Minister Responsible

Minister of Finance

Appointment Provisions

Bretton Woods and Related Agreements Act

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

Alternate Governor
NameAppointment TypeTenureAppointment DateExpiry Date
Macklem, TiffPart-Time AppointmentDuring Pleasure (Interpretation Act)2021-04-23