Heading for the right choice? A professional approach to selecting the IMF boss
May 16, 2011 3 Comments
An April report from 21 civil society organisations calls for the reform of the process for selecting the International Monetary Fund’s managing director. The paper asks for an end to the ‘gentlemen’s agreement’ that gives the US the choice of the World Bank head and European governments that of the IMF. Wishing to see instead a transparent, fair, merit-based process focussed on selecting the best candidate available; whilst ensuring the legitimacy gained from the backing of a majority of countries as well as IMF voting shares.
Read the full report here
It is an odd habit indeed for an organisation that preaches meritocracy to limit its pool of candidates to citizens of a certain subset of countries–be they in Europe or elsewhere (say like the BRICS). But surely the answer to the current predicament isn’t to continue choosing candidates by passport.
If you want to avoid further predicaments similar to this, pick a woman!
Malcolm
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