New IMF chief likely by next week: Sources
The IMF board this week is interviewing Frenchman Dominique Strauss-Kahn, the European Union's candidate, and Josef Tosovsky, a former Czech prime minister and central bank chief proposed by Russia.
By Agencies |
WASHINGTON: The International Monetary Fund's executive board will choose a new managing director next week to succeed Rodrigo Rato, according to people close to the situation.
The IMF board this week is interviewing Frenchman Dominique Strauss-Kahn, the European Union's candidate, and Josef Tosovsky, a former Czech prime minister and central bank chief proposed by Russia, said the sources, who requested anonymity.
The IMF was not immediately available for comment.
The current managing director, Rodrigo Rato of Spain, is expected to step down after the IMF's annual meeting, in late October. The former Spanish finance minister announced in June his decision to end his mandate nearly two years early, citing personal reasons.
According to several people with knowledge of the situation, Tosovsky was to have a series of bilateral meetings yesterday with several directors of the board that represents the 185 member nations of the Washington-based financial institution. He is to be formally interviewed today morning.
Strauss-Kahn will undergo the same process, beginning Wednesday with bilateral meetings and Thursday with a formal interview.
The board has said the decision will be based on the candidate's qualifications, but Strauss-Kahn's victory is widely seen as certain because of an unwritten agreement that Europe picks the IMF chief and the United States selects the World Bank president.
The IMF board this week is interviewing Frenchman Dominique Strauss-Kahn, the European Union's candidate, and Josef Tosovsky, a former Czech prime minister and central bank chief proposed by Russia, said the sources, who requested anonymity.
The IMF was not immediately available for comment.
The current managing director, Rodrigo Rato of Spain, is expected to step down after the IMF's annual meeting, in late October. The former Spanish finance minister announced in June his decision to end his mandate nearly two years early, citing personal reasons.
According to several people with knowledge of the situation, Tosovsky was to have a series of bilateral meetings yesterday with several directors of the board that represents the 185 member nations of the Washington-based financial institution. He is to be formally interviewed today morning.
Strauss-Kahn will undergo the same process, beginning Wednesday with bilateral meetings and Thursday with a formal interview.
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The board will vote to select Rato's successor on September 28, the sources said. The board has said the decision will be based on the candidate's qualifications, but Strauss-Kahn's victory is widely seen as certain because of an unwritten agreement that Europe picks the IMF chief and the United States selects the World Bank president.
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