• Kyodo


The International Monetary Fund announced Monday that Yusuke Horiguchi of Japan has stepped down as head of the IMF Asia and Pacific Department.

He has been replaced by David Burton, who previously served as deputy director of the fund’s Middle Eastern Department.

Burton, a British national with 21 years of experience in the IMF, took over from Horiguchi on Tuesday.

Horiguchi, who became the IMF’s Asia and Pacific chief in February 2000, has retired after 25 years with the IMF.