There was a lot of justified hand-wringing and tough talk too in the media and in think tank and NGO-land about the unseemly use by Europe of its unwarranted voting weight at the IMF to push the election of Christine Lagarde. The appointment this week of Zhu Min, a former deputy governor of the People's Bank of China, as the one of two IMF
CGD Policy Blogs
The sudden resignation of Dominique Strauss-Kahn has sparked a global debate over the selection of the next head of the International Monetary Fund. French finance minister Christine Legarde, Europe’s nominee, has launched a round-the-world tour to promote her candidacy. Meanwhile, Agustin Carstins, the governor of the Bank of Mexico and the lone challenger so far to Europe’s renewed claim to lead the IMF, is seeking backing from European debtor nations and others by calling for greater flexibility in IMF bailout programs.
Against this background, CGD is pushing ahead with a survey on the selection process, qualifications and candidates for the IMF top job. I asked CGD president Nancy Birdsall, who has been arguing for a more open, merit-based selection process without regard for nationality, to join me on the show to share her views on the IMF leadership selection battle and the initial results from our survey.