The International Monetary Fund on Monday announced that it will search for the replacement of Dominique Strauss-Khan, accused, among other charges, attempted to rape a waitress at the hotel. While the former director left his jail cell at Rikers for an apartment near ground zero in New York, the agency that led to Thursday made public that the nomination period will open on Monday 23 and end on June 10 .
The IMF's objective is to have a new managing director "by consensus on 30 June." Since the arrest of French, the number two of the institution, the American John Lipsky, was head of the Fund. In a statement signed by the dean of the Executive Board, Shakour Shaalan, the IMF notes that "candidates must have a distinguished record in economic policy management at the highest level." Upon receipt of nominations, which must be submitted by a Governor of the Fund or the Executive Director, the Executive Committee, composed of representatives from 24 countries and group of countries, made public a list of three candidates.
If the number of candidates nominated is greater than three, the IMF kept "secret" the names of the shortlisted until limit this number to three, "according to the proportion of votes of the Fund" and a maximum of seven days . Subsequently, the 24-member Executive Council will meet with the three candidates in Washington, where the headquarters.
Then, the highest organ of the Fund will meet "to discuss the strengths of the candidates and make a selection." Europe's bid Monday will be the official start of a race to succeed Strauss-Khan actually began with the arrest of then-director on Saturday aboard an airplane. The favorite in the sequence is the French company Lagardere Christine, with the support of the European Union bloc, which placed a bid for one of their own as head of the Fund, the danger of a never-ending fiscal crisis in which IMF plays a central role.
But guess intense battle with the emerging interest to get that chair in Washington. The Fund's management has been occupied by a European since its creation in the unwritten agreement with the U.S.. But in recent days to European candidates, Lagardere, Jean-Claude Trichet, ECB president, and former German minister Peer Steinbrück, had become an amalgam of names they want to represent the spirit of the emerging world: Kemal Turkish Darvis, Israel's Stanley Fisher, the Singapore Minister Tharman Shanmugaratnam, South African Trevor Manuel and several Latin American countries, among them Mexican or Peruvian Francisco Gil Pedro Pablo Kuczynski.
The world has changed a lot and are now emerging as a golden opportunity to end the tradition, the "feudal approach", "postcolonialism", which would deprive the Fund "legitimacy and credibility," according to the multitude of criticisms that have been heard in recent days. But some things are resisting these changes, are still emerging to speak with one voice and IMF candidates appear in bursts, from nearly a dozen countries as they have only been five days since the arrest of Strauss-Kahn.
Faced with this cacophony of voices, Europe spoke loud and clear: he defended unanimously, from practically the European institutions and from each of the governments, the European candidate. With a name above all, that of Lagarde. 
The IMF's objective is to have a new managing director "by consensus on 30 June." Since the arrest of French, the number two of the institution, the American John Lipsky, was head of the Fund. In a statement signed by the dean of the Executive Board, Shakour Shaalan, the IMF notes that "candidates must have a distinguished record in economic policy management at the highest level." Upon receipt of nominations, which must be submitted by a Governor of the Fund or the Executive Director, the Executive Committee, composed of representatives from 24 countries and group of countries, made public a list of three candidates.
If the number of candidates nominated is greater than three, the IMF kept "secret" the names of the shortlisted until limit this number to three, "according to the proportion of votes of the Fund" and a maximum of seven days . Subsequently, the 24-member Executive Council will meet with the three candidates in Washington, where the headquarters.
Then, the highest organ of the Fund will meet "to discuss the strengths of the candidates and make a selection." Europe's bid Monday will be the official start of a race to succeed Strauss-Khan actually began with the arrest of then-director on Saturday aboard an airplane. The favorite in the sequence is the French company Lagardere Christine, with the support of the European Union bloc, which placed a bid for one of their own as head of the Fund, the danger of a never-ending fiscal crisis in which IMF plays a central role.
But guess intense battle with the emerging interest to get that chair in Washington. The Fund's management has been occupied by a European since its creation in the unwritten agreement with the U.S.. But in recent days to European candidates, Lagardere, Jean-Claude Trichet, ECB president, and former German minister Peer Steinbrück, had become an amalgam of names they want to represent the spirit of the emerging world: Kemal Turkish Darvis, Israel's Stanley Fisher, the Singapore Minister Tharman Shanmugaratnam, South African Trevor Manuel and several Latin American countries, among them Mexican or Peruvian Francisco Gil Pedro Pablo Kuczynski.
The world has changed a lot and are now emerging as a golden opportunity to end the tradition, the "feudal approach", "postcolonialism", which would deprive the Fund "legitimacy and credibility," according to the multitude of criticisms that have been heard in recent days. But some things are resisting these changes, are still emerging to speak with one voice and IMF candidates appear in bursts, from nearly a dozen countries as they have only been five days since the arrest of Strauss-Kahn.
Faced with this cacophony of voices, Europe spoke loud and clear: he defended unanimously, from practically the European institutions and from each of the governments, the European candidate. With a name above all, that of Lagarde.
- Behind Strauss-Kahn, a Formidable Wife (21/05/2011)
- Dominique Strauss-Kahn (21/05/2011)
- "‘20/20′ explores Arnold Schwarzenegger, Dominique Strauss-Kahn stories" and related posts (20/05/2011)
- The Many Reputations of Dominique Strauss-Khan (18/05/2011)
- Dominique Strauss-Kahn's Severance Check? (20/05/2011)
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