Asia’s ambitions for IMF top job remain elusive
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SINGAPORE — When the topic of International Monetary Fund (IMF) succession was floated at an Asian financial summit in Hanoi earlier this month, the most popular name mentioned was not from the region at all.
With Asia’s emerging economies, particularly China and India, now the main driver of global growth, calls have been building for a review of the post-World War II consensus that sees an American head the World Bank and a European the IMF.
But in Vietnam, it was French Finance Minister Christine Lagarde, attending an Asian Development Bank (ADB) meeting, who was being tipped to succeed her compatriot Dominique Strauss-Kahn, participants said.
Events have taken a dramatic turn with the stunning arrest in New York of Strauss-Kahn, who had been expected to give up his post as IMF managing director to make a run for the French presidency next year..... MORE
Source: The Daily Tribune
URL: http://www.tribuneonline.org/commentary/20110520com7.html
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