“The International Monetary Fund has appointed Vahram Stepanyan as its Resident Representative in Ukraine. He replaced Mr. Goesta Ljungman in this position," the statement reads.
Stepanyan took office on June 28 this year. He is an Armenian national and has spent over 12 years in the IMF, working on diverse issues in a wide range of countries.
Ljungman returns to IMF Headquarters after four years of service as IMF Resident Representative in Ukraine.
The replacement of resident representatives is a well-established practice in IMF staff rotation.
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