IMF directors call for open process to find new IMF chief
On March 19, the G-11 Executive Directors, representing emerging and developing countries from Asia, Africa, Latin America, and the Middle East, joined by a group of Executive Directors from Australia and Switzerland, who each represent a range of countries, along with the Executive Director from the Russian Federation—well over 100 countries—met to discuss the selection process for a new Managing Director of the IMF, arising from the resignation of Horst Köhler.
The above group indicated that the candidate nominated for the position must be an eminent person, familiar with the goals of the institution.
The process of identifying and selecting the candidate must be open and transparent, with the goal of attracting the best person for the job, regardless of nationality. A plurality of candidates representing the diversity of members across regions would be in the best interest of the IMF.
All members of the Executive Board should be consulted in the process of considering candidates that lead to the selection of the Managing Director and informed in a timely manner regarding candidates, including their credentials and knowledge of the institution.
The full text of IMF Press Release No. 04/55 is available on the IMF’s website (http://www.imf.org).