Stop the press! Trevor Manuel to make last minute entry into the race?

Ok, well at least put it on hold for an hour or two.

Emerging markets magazine broke the news last night, quoting a “senior and well placed source in Pretoria”. Referencing an African Union call for a non-European, preferably African, candidate the source continues, “I think it wouldn’t be difficult to deduce from that statement who they are talking about, because there’s only one candidate that has been spoken about”.

Pravin Gordhan, South Africa’s current finance minister, chose his words carefully in a BBC interview yesterday. Asked whether South Africa would nominate Manuel he replied:

“That’s something that our government is still considering and consulting other developing countries on. I think it’s fairly clear that whilst there is some support for both Mr Carstens and Ms Lagarde, there are fairly interesting propositions being articulated elsewhere in the world.”

Continue reading “Stop the press! Trevor Manuel to make last minute entry into the race?”

Candidate assessment: Is Manuel the man to manage the IMF by Patrick Bond

imfboss has invited candidate assessments from civil society voices in the home countries of the candidates to head the IMF. Throughout the process we will be posting these here for your benefit.

By Patrick Bond, University of KwaZulu-Natal Centre for Civil Society, South Africa

The world’s most predatory financial institution had until last Thursday a managing director nicknamed “The Seducer,” who talked left, evoking John Maynard Keynes, and walked right, imposing austerity on the Third World, including now Ireland, Greece and Portugal.

Useful though that was to world financial elites, Dominique Strauss-Kahn’s notorious misogyny allowed the powers behind the International Monetary Fund (IMF) to ditch him with little hesitation once rape charges by a vulnerable hotel cleaner last Saturday began to stick. Raising the prospect of a consensual-sex defense worthy of Jacob Zuma, superstar lawyer Benjamin Brafman stupidly remarked, “The forensic evidence, we believe, are not consistent with forcible encounter.”

South Africa’s Trevor Manuel is apparently being seriously considered as Strauss-Kahn’s replacement, in competition with conservative French finance minister Christine Lagarde, British political failure Gordon Brown and other emerging-markets personalities. (A “Europeans Only” sign always graced the IMF director’s door, but surely that can change?)

Continue reading “Candidate assessment: Is Manuel the man to manage the IMF by Patrick Bond”