of the International Monetary Fund, one of the most powerful positions in global finance.
While Mr. Strauss-Kahn has not yet resigned from his position after being sent on Monday to New York’s notorious Rikers Island jail on accusations of attempted rape, European officials intensified their lobbying for another European to head the fund, citing deepening uncertainties over the continent’s debt crisis.
Since it was formed after World War II, the I.M.F. has traditionally been run by a European, while the W28103
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rld Bank has long been headed by an American. But for the first time, there is a genuine possibility that the I.M.F. position could go to an official from a faster-growing non-Western country, reflecting the shifting global economy.
Policymakers from emerging markets say the time has come for them to exert more influence at the agency as their weight in the world economy has reached critical mass.
Among some potential candidates, modesty was not a characteristic widely on display.
Turkey’s finance minister, Mehmet Simsek, publicly threw his hat into the ring Tuesday, declaring: “I don’t have even the tinie
- May 18 Wed 2011 02:58
ern country, reflecting the shifting global economy.
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