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Europe needs to find candidate to head IMF: France

France was aware that support was building for Carney, the official added, saying that if Paris decided to back him it would be sooner rather than later. However, there is concern about the precedent backing [Mark] Carney would set since he is "basically a Canadian" even though he is highly regarded, the official said.
[...]
Traditionally the Washington-based IMF has been led by a European, while its sister [sic] institution the World Bank has been run by an American. At times, larger emerging market countries have sought to disrupt the duopoly with their own candidates.

Given that the World Bank presidency recently went to American David Malpass,

uh oh
the French official said there was no reason why the IMF should not go to a European again.

Other Europeans "well considered" in Paris for the IMF job include EU Competition Commissioner Margrethe Vestager and former Dutch finance minister Jeroen Dijsselbloem, the official said.



Diversity is the key to economic and political evolution.
by Cat on Sun Jul 7th, 2019 at 10:49:26 PM EST
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