Li Bo is set to step down as IMF Deputy Managing Director, having played a pioneering role in stablecoin regulation.

TechFlow reported that on October 30, according to Caixin, International Monetary Fund (IMF) Managing Director Kristalina Georgieva announced that IMF Vice Managing Director Bo Li will step down upon the expiration of his term on November 30, 2026, and proposed that Min Liao, Vice Minister of Finance of China, succeed him, with the appointment taking effect on December 1, 2026. Over the past five-plus years, Bo Li has spearheaded the implementation of the IMF's first enterprise risk management policy and roadmap, and advanced the modernization of its data governance framework. Additionally, he has directed the IMF's work on digital currencies and cross-border payments, playing a pioneering role in stablecoin regulation; in recent years, he has also led initiatives in the field of artificial intelligence (AI).