Christine Lagarde has started her campaign tour around the world, focussing on the emerging countries (Brazil, China, and India). However she has also announced that she will consult with her “African colleagues”. But what will they think of her?
Of course in the power games at the IMF, the African countries carry little formal voting weight at the board. But the perception of reaching out to Africa is important. Lagarde will use the African Development Bank annual meetings in Portugal from 9-10 June to meet with African finance ministers. But some African journalists are already making themselves heard against her candidacy. Beyond her belonging to an European country and the fact that the emerging countries are still cast-off in the governance of the Fund, the world view of Lagarde is criticized.