Yes, its the process! It is also the IMF’s policies

Thanks to Nancy Birdsall at Center for Global Development in Washington for expressing things with characteristic American forthrightness: “IMF Leader Selection: It’s the Process, Stupid”. She references the Heading for the right choice? briefing paper published by over 20 NGOs in April, and asks “Would [Lagarde] not seem to be biased even if she wasn’t – beholden to Sarkozy and Merkel generating immoral hazard for the IMF (or the euro or Greece. . . )?  Won’t she represent, whether she wants to or not, the stench of colonialism wafting around the IMF?” Indeed.

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