As BIC and CIVICUS announced on their website, the IMF released the Terms of Appointment for new Managing Director Dominique Strauss-Kahn, who began his five-year renewable term on 1 November. This is the first time that the IMF does so. In the past, the salaries and benefit packages of MDs were summarised in the Fund’s annual reports.

DSK's terms include an annual salary of $420,930, an annual allowance of $75,350 for maintaining "a scale of living", and the ability to resign from his position at any time. The Terms state that Strauss-Kahn will avoid any conflict of interest or "the appearance of such a conflict". (Read IMF press release)