As a matter of fact, Europe has always held the top IMF job, while the World Bank's top post has always gone to an American as a part of convention dating back to the creation of IMF and World bank after World War II. A good convention followed by the mighty powers, although this time the developing and some of the developed ones in other regions tried to grab the position in IMF for their ministers like in the case of Singapore, Mexico and India. The latter didn't try seriously knowing very well that Montek Singh Ahluwalia was over-aged although he was eagerly working for it.
The 24-member Board of the International Monetary Fund on Tuesday, June 28, 2011 elected French Finance Minister Christine Lagarde as the new Managing Director of the global lender with the solid support of major emerging powers such as Brazil, China and Russia.
No comments:
Post a Comment