Uganda, March 15 -- The executive board of the International Monetary Fund (IMF) has kicked off the process of appointing a new managing director to continue driving the fund's economic policies which matters for all its member countries including Uganda.

The process is set to end by April 2024.

The benefits of being an IMF member state like Uganda is that the fund also provides technical assistance and financial support when a member country needs it.

Ms Kristalina Georgieva currently serves as Managing Director of the International Monetary Fund, a position she was selected for on September 25, 2019.

The coordinators of the Executive Board of the IMF, Mr Afonso S. Bevilaqua and Mr Abdullah F. BinZarah jointly said in a statement: "W...