Senior fellow Arvind Subramanian was quoted in an updated article on Reuters on the IMF.
From the Article
Nominations to be the next IMF managing director are due by June 10 and the process is meant to finish by June 30. The IMF is searching for a new leader after the resignation of Dominique Strauss-Kahn who is facing charges of alleged sexual assault.
“The odds still have to heavily favour the European candidate,” said Arvind Subramanian, senior fellow at the Peterson Institute for International Economics in Washington and former assistant director of the IMF’s research department.
Mr Subramanian said the challenge for emerging markets was to put rivalries aside and unite behind one or two candidates. “Within Asia I think the big problem is whether China would agree to an Indian candidate and vice versa,” he said, adding that Tharman Shanmugaratnam, Singapore’s finance minister, was one candidate who might command widespread Asian support.