CGD in the News

Replacing Strauss-Kahn: Who is Next at IMF? (VOA)

May 23, 2011

Senior fellow Owen Barder was interviewed on Voice of America news about the IMF.

From the Article

Since its founding, the top job at the IMF has traditionally been filled by a European. But there is growing opposition to that arrangement. Beijing insists the IMF's future leader should reflect the growing clout of developing nations.

And the list of potential candidates is long: They include Zhu Min, deputy governor of the People's Bank of China; Agustin Carstens, Mexico's central bank governor; and South Africa's former finance chief, Trevor Manuel.

But Owen Barder at the Center for Global Development sees difficulty for non-European candidates. "It will be easier for Europe to come up with a single candidate who they want to nominate than it will be for the emerging markets to get an agreement. They don't necessarily have the mechanisms and the history of nominating a single candidate. So the danger is, that Europeans, because they're used to doing it, will find someone very quickly and try to push them forward as a fait accompli," said Barder.

Watch Here.