June 9, 2011 Leave a comment
imfboss has invited candidate assessments from civil society voices in the home countries of the candidates to head the IMF. Throughout the process we will be posting these here for your benefit.
By Meruert Makhmutova, Director of Public Policy Research Center, Almaty, Kazakhstan
The Governor of the Central Bank of Kazakhstan was nominated by Kazakhstan’s Prime Minister to head the International Monetary Fund at CIS Government heads meeting in Minsk. As a result Marchenko was endorsed as the single candidate from the CIS countries.
The chances of Marchenko becoming the head of IMF are around 1 per cent given the global political realities. There would be no real chance at all if the selection process was actually merit based. The above mentioned 1 per cent would only be possible if Kazakhstan negotiated intensively with other developing countries and they are able to join forces in pushing on the United States and European countries. But it seems the process for the selection of the IMF head differs from the lobbying that goes on for the chairmanship of the OSCE.