IMF chief Rato says to step down in October

(Reuters) - International Monetary Fund Managing Director Rodrigo Rato said on Thursday he would step down from his post in October for "personal reasons," cutting short his term.

Rato, who took office June 7, 2004, said he would depart after the IMF's fall meetings in October.


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UPDATE 1-Venezuela not eyeing debt buy-back in IMF pullout

(Reuters) - President Hugo Chavez announced in April that the OPEC
nation would leave the IMF, seemingly unaware the move could
trigger a technical default on the South American country's
debt.




The cabinet source was denying reports in Venezuelan media
that the country could get round the default through a debt
buy-back.


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