Campaigners demand fair selection process after Strauss-Kahn resigns

With the resignation of the International Monetary Fund (IMF) Managing Director Dominique Strauss-Kahn, a global coalition of campaigners has called for an open and merit-based process to elect the next IMF head.

The early departure of Strauss-Kahn means the 187 member governments of the IMF will have to select a new managing director during a time of grave economic uncertainty. It also reopens the debate over an anachronistic and unfair selection process.

The campaigners, including the Bretton Woods Project, Oxfam, and the Third World Network, are calling for an end to the have end to the “gentlemen’s agreement” between Europe and the US, which ensures that the IMF Managing Director is always a European, and the President of the World Bank an American.

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