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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum

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Nov 14 4:00 PM EST

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To: Haim R. Branisteanu who wrote (74278)	5/17/2011 11:51:36 AM
From: average joe	Read Replies (1) of 217822

You're absolutely right about Clinton. Brazil wants IMF chief from emerging nation: SAO PAULO \| Tue May 17, 2011 10:30am EDT SAO PAULO (Reuters) - Brazil believes the next head of the IMF should come from a large emerging market country, but does not plan to pressure actively on the issue because Europe is likely to keep its "stranglehold" on the job, a senior government official told Reuters on Tuesday. "We think it would be appropriate to have someone from emerging countries," the official said, speaking on condition of anonymity. "We believe India and Brazil would be good options. But we also believe that Europe is likely to keep its deep stranglehold on the position, and so we're not planning to push very hard on this issue for now," the official added. The future of the International Monetary Fund's leadership has been in doubt since Dominique Strauss-Kahn was arrested on Saturday in New York and charged with attempted rape. The Brazilian official's comments follow a statement earlier Tuesday by China's foreign ministry, which said the selection process for IMF leaders should be based on "fairness, transparency and merit." Brazilian Finance Minister Guido Mantega told an IMF panel in April -- before the scandal erupted -- that it was "high time" for the institution to break with its practice of traditionally appointing Europeans to the top job. Yet the senior official said on Tuesday that early diplomatic signs indicated that, if Strauss-Kahn permanently steps aside from the IMF job, it will be hard to prevent another European from taking his place. (Reporting by Brian Winter; Editing by W Simon ) reuters.com

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