Europe differentiated between 5 IMF candidates

Europe differentiated between 5 IMF candidates

Paris: "Middle East"

Five European candidates vie for the post of Managing Director of the International Monetary Fund (IMF), replacing the outgoing French Finance Minister, Christine Lagarde, according to the French Ministry of Finance.
The five candidates are the Spanish Minister of Finance, Nadia Calvino, his Portuguese counterpart, the president of the Eurogroup, Mario Santino, his predecessor at the helm of finance ministers of the euro zone, the current second official from the World Bank, Euronne Desselblum, Bulgarian Cristalina Georgieva, the governor of the Finnish central bank, Olli Rehn. The French Ministry of Finance said Friday night. French Minister of the Economy and Finance, Bruno Lemerre, has received a commission from his European counterparts to conduct consultations with a view to proposing a single European candidate for IMF management. Lemerre had contacts this week with all European finance ministers, including the new British finance minister, according to the French finance ministry.
The ministry said that "Lemer has remained in close contact with his German counterpart, Olaf Schultz, and has certainly informed the President of the Republic of various exchanges". "In the light of these intensive consultations, a consensus emerged on the choice of a single European candidate with vast international expertise and technical expertise", which led to the five names .
"There was also a consensus on the lesson of adjusting the maximum age limit, but no decision was made at this stage." So the debate started at the board of directors This rule badumes that the Director-General at the time of his appointment is under 65, which theoretically excludes Georgieva, born on 13 August 1953.
Lemerre now wants to open a second phase of consultations. As a result, the written conclusions of the first phase of the discussions were sent to all its European counterparts. He also asked his partners to inform him of their favorite candidate among the five. The International Monetary Fund (IMF) announced that the appointment period, which begins Monday, will continue until September 6 and that its new CEO will be chosen by October 4.
Meanwhile, the International Monetary Fund (IMF) announced Friday that its board has adopted an "open, merit-based and transparent" process to select a new director who would replace Christine Lagarde to select a candidate. In its statement, the Bureau did not mention any potential candidates, but said that the next director should have a "separate record" of high-level economic decision-making, as well as management and diplomacy skills. required to run a major global institution.

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