Skip to main content

Europe Holds Tight to IMF Monopoly

Inter Press Service - Since the election of Camille Gutt of Belgium as the first managing director of the International Monetary Fund (IMF) back in 1946, the Europeans have continued to claim that job as their political and intellectual birthright.

And successive IMF heads have come from France (which has held the post four times), Sweden (twice) and one each from Germany, Spain and the Netherlands.

The resignation Thursday of the current IMF chief, Dominique Strauss- Kahn of France, following allegations of rape in a New York hotel room last week, has triggered speculation about another European for one of the most powerful jobs in international finance. Read more.

Comments

Popular posts from this blog

Afghanistan's peace process is in danger of unravelling

Those of us who witnessed United States officials and Taliban representatives shake hands on February 29, 2020, were inspired by the political will for peace that we witnessed. Yet many of us have also recognised the inevitable difficulties in implementing the agreement concluded in Doha. But what we could not have anticipated was the two crises which would simultaneously threaten to...read more.