About us

imfboss.com gives you up-to-date information, press coverage, insider info, civil society and official reactions to the IMF leadership process by collating content, analysis and coverage of relevant developments, as well as publishing an alternative list of IMF managing director candidates and calling for rigorous selection criteria.

Why campaign?

We are calling for an end to the European heads of state’s stranglehold on the post of IMF managing director, and for the IMF to live up to its 2009 commitment to “adopt an open, merit-based and transparent process for the selection of IMF management.”

Leadership selection at the World Bank and IMF is subject to a historic ‘gentleman’s agreement’, which has ensured that the IMF managing director has always been European and the World Bank president a US national. This agreement dates back to the creation of the institutions in 1944, when membership was limited to 45 states and European powers still retained colonies. Once the US nominates a candidate for Bank president, Europe uses its large voting rights on the Board to ensure this candidate is picked in exchange for the US supporting a European nominee for IMF managing director. In return, Europeans select their preferred candidate – the majority of whom have been French nationals – and await the seal of approval from the US.

The ‘agreement’ is archaic, anti-democratic, neo-colonial and non-transparent. Importantly, it marginalises the voices of emerging market economies and low-and middle-income states, exacerbating global power imbalances.

As the IMF celebrates its 75th birthday this year, it is high time that this process was scrapped, and replaced with a genuinely merit-based process in which any state, regardless of nationality, can put forward candidates on an equal footing.

Want to get involved?

Following the steps of worldbankpresident.org we hope to create a hub for discussion and debate on IMF governance, the selection process and the pros and cons of potential candidates.

It is our hope that the website will be used as a way to advocate the end of the gentleman’s agreement and re-frame the debate to bring in an array of potential candidates.

Keep checking back for updates, and get in touch should you want to get involved!

Who runs the blog?

The blog is an open platform – bloggers write in their personal capacities and are not paid.  The small cost of designing and hosting the site is paid for by the Bretton Woods Project.

6 thoughts on “About us

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  2. Respected Madam( Christine Lagarde), I received a mail in my box showing you as sender. I want to know the truth behind this mail.
    Kind regards,
    Dave Kohli
    davison_53@rediffmail.com

    The contents of the said mail >>.
    ————————————-
    From:
    “Madame Christine Lagarde”

    To: undisclosed-recipients:;
    Subject: Re-Approval of your fund
    Date: Thu, 02 Feb 2012 18:25:19 IST

    International Monetary Fund,
    700 19th Street, N.W.,
    Washington, D.C. 20431

    Good day,

    My name is Madame Christine Lagarde, from France, the newly oppointed Managing Director and Chairman of the Executive Board starting July 5, 2011 of the International Monetary Fund (IMF)

    I saw your name (in the Central Computer among the list of unpaid beneficiaries, contractors, lottery winners, inheritance next of kin, that was originated from West Africa, United Kingdom, Asia and US .

    Your name appeared among the beneficiaries who will receive a part-payment of $2.7million has been approved already. All arrangement to release your Part-payment of $2.7Million has commenced hence you will be receiving this fund through Wire Transfer.

    You are urgently requested to re -confirm your details such as

    Full name:
    Address:
    Direct phone number:
    Country:
    Occupation:

    Once again,

    I apologize to you on behalf of IMF (International Monetary Fund) to pay your funds in time, which according to records in the system had been long overdue.

    Yours Sincerely,

    please send all further email to my private email address:(christine-lagarde@7bmail.com)

    Madame Christine Lagarde
    Managing Director IMF

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    1. I can help Alex Jacobs a little bit.

      A WHOIS search shows that this site has been registered by the Bretton Woods Project, a reputable thinktank (with it’s own website) which monitors the World Bank and IMF.

      Like

    2. Hi Alex, sorry for not getting back to you sooner. Thanks to Joe for replying.

      Yes, the Bretton Woods Project is involved along with bloggers from a number of other NGOs and think tanks some of which are represented on our blog roll and have signed onto joint statements, letters and briefings.

      Like

  3. I think it is the opportune time for civil society to press the G7/8/20 who are still in charge of the IMF to become serious in dealing with the dysfunctional international monetary system with its financial imbalances, currency manipulation and speculation, and a costly global reserve system. Civil society has to speak louder about the need to move away from national or regional reserve currencies. First by adopting substitution SDRs and secondly by debating the need for a monetary standard with convertible currencies and fixed exchange rates. The IIMT will soon publish a book making the case for a carbon standard, entitled The Tierra Solution: Monetary Transformation, Climate Change and Sustainable Development.. In the mean time, the argument is made in the Stakeholder Forum website as a thinkpiece for the Rio 2012 Summit. http://www.earthsummit2012.org/index.php/pubs/sf-publications/412-sdg-thinkpieces

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