The New President Of IMF Will Elect &Nbsp In June, And The French Finance Minister Will Be Supported By Many European Countries.

international currency The Executive Board of the IMF said in a statement on May 20th that the executive board would start the next chief executive's selection process in May 23rd. The organization is scheduled to complete its presidential selection process by June 30th. At present, French finance minister Lagarde has been supported by many European countries.

IMF said in a statement that candidates for IMF presidents should have excellent work records in the field of high-level economic policy making, with outstanding career backgrounds and leading global institutions. Administration And diplomatic talents.

IMF directors or executive directors may nominate a single candidate for the period from May 23rd to June 10th. If more than 3 candidates are nominated, the Executive Board will determine the final candidate list by 3 through the election procedure. The IMF Executive Board will interview candidates on the final candidate list in Washington, and then discuss and make a choice. At that time, a majority of votes will be adopted to determine the candidate for president.

At present, France treasury secretary Lagarde has become the most powerful contender of IMF's new president. The governments of Italy and Sweden have publicly expressed their support for Lagarde taking over the post. According to German media reports, the German government is also ready to support Lagarde. German Chancellor Merkel said 20, in view of the European debt crisis grim situation, it is best to maintain the tradition of IMF presidents from Europe, but refused to nominate any candidate.

Meanwhile, some emerging economies are also appealing for the position of president of IMF. Russia and South Africa both said the next IMF chief executive should come from emerging economies. However, analysts pointed out that, because many European countries support Lagarde, and the emerging economies have not yet unanimously elected a candidate, it may lead to the eventual competition for Lagarde.

Dominique Strauss, former president of IMF, was arrested in New York on 15 April for alleged sexual assault, and resigned on 18. After Kahn was arrested, IMF announced that John Lipsky, the first vice president, acted as the acting president and presided over the organization's daily work until the new president was selected.