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

According to Caixin, IMF Managing Director Kristalina Georgieva announced that First Deputy Managing Director Li Bo will step down at the end of his term on November 30, 2026, and proposed that Liao Liu, Deputy Minister of China’s Ministry of Finance, succeed him, with the appointment taking effect on December 1, 2026. Over the past five years, Li Bo has spearheaded the launch of the IMF’s first corporate risk management policy and roadmap, and driven the modernization of its data governance framework.