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| | Rodrigo Rato heads IMF |
 | | "The executive board of the International Monetary Fund selected Rodrigo Rato to serve as managing director and chairperson of the executive board for a five-year term," the IMF said in a statement. |
 | | Rato, 55, was virtually guaranteed to win the post after securing the backing of Europeans, the United States and leading Latin American powers. |
 | | Rato, born to a wealthy family in northwest Spain and the owner of a group of businesses, including a radio network, received a master's degree in business administration from the University of California at Berkeley and a doctorate in economics from Madrid's Complutense University. |
| www.news24.com /News24/AnanziArticle/0,,1518-25_1522258,00.html (414 words) |
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