ORIGINAL Source: https://be4gen.wordpress.com/2011/05/20/top-stories-imf-leadership-islamic-development-bank/
TOP STORIES: IMF LEADERSHIP ISLAMIC DEVELOPMENT BANK
TOP STORIES: IMF LEADERSHIP ISLAMIC DEVELOPMENT BANK
(May 20, 2011)
Briefing : “briefing@devex.com”
http://us.mg4.mail.yahoo.com/dc/launch?.gx=1&.rand=bkim8kfee58mh
Briefing : “briefing@devex.com”
http://us.mg4.mail.yahoo.com/dc/launch?.gx=1&.rand=bkim8kfee58mh
IMF Leadership: Is It Time to Look Beyond European Candidates?
Persons of the Week: Zoubidah Charrouf and Seydou Ramatou Boubacar
Dominique Strauss-Kahn’s resignation as managing director of the International Monetary Fund is likely to further intensify the ongoing debate on who should replace him and whether or not the next IMF chief should still be from Europe.
Several names of possible replacements are being floated around. French Finance Minister Christine Lagarde, former U.K. Prime Minister Gordon Brown, former German Central Bank President Axel Weber, former South African Finance Minister Trevor Manuel and Bank of Mexico Governor Agustin Carstens are just a few. John Lipsky, the acting managing director, is also on some experts’ lists but he has indicated earlier this month that he plans to retire from IMF when his current term as first deputy managing director ends in November.
Some of these names, particularly Lagarde and Brown, have been in the news as possible candidates as early as last year, when reports that Strauss-Kahn was eyeing an early exit from the fund surfaced. It has been widely speculated that Strauss-Kahn was considering running for the French presidency in 2012.
Some of these names, particularly Lagarde and Brown, have been in the news as possible candidates as early as last year, when reports that Strauss-Kahn was eyeing an early exit from the fund surfaced. It has been widely speculated that Strauss-Kahn was considering running for the French presidency in 2012.
But it appears that the larger issue surrounding the IMF leadership is the nationality of its next managing director. There are at least two sides to this debate. One is that the next IMF chief should still be from Europe given the fund’s key role in efforts to address the European debt crisis. The other is it’s high time the fund recognizes the changing international landscape and looks beyond Europe for its next leader.
German Chancellor Angela Merkel, European Commission President Juan Manuel Barroso and other European leaders have made it clear that they want Strauss-Kahn’s successor to still come from the continent. Emerging economies such as Brazil and India, meanwhile, are pushing for an IMF leader from one of their countries. The United States, which will have a key role in appointing the next IMF chief as the largest single shareholder of the fund, has yet to make its position known.
German Chancellor Angela Merkel, European Commission President Juan Manuel Barroso and other European leaders have made it clear that they want Strauss-Kahn’s successor to still come from the continent. Emerging economies such as Brazil and India, meanwhile, are pushing for an IMF leader from one of their countries. The United States, which will have a key role in appointing the next IMF chief as the largest single shareholder of the fund, has yet to make its position known.
IMF said its executive board will announce in the “near future” the selection process for Strauss-Kahn’s replacement. It is certain that the international community will watch this process closely, given how some experts have noted the next IMF leader will play an integral role in molding the future of the institution.
Read more development news.
Persons of the Week
Zoubidah Charrouf and Seydou Ramatou Boubacar
Zoubidah Charrouf and Seydou Ramatou Boubacar
Zoubidah Charrouf of Morroco and Seydou Ramatou Boubacar of Niger are being honored by the Islamic Development Bank for their efforts to help empower women in rural areas in their countries.
Charrouf, a science professor at the Mohammed V. University in Morocco, was recognized for her work on the development of an innovative and environmentally
friendly oil, which has become known for its medicinal and nutritious qualities. IsDB also lauded her contributions to the expansion of livelihood opportunities of rural women by teaching them to produce the oil.
Meantime, Boubacar was lauded for her efforts to improve rural women’s economic productivity and food security in Niger. She is a food technology researcher from Niger’s National Institute of Agronomic Research.
Charrouf and Boubacar are the recipients of the 2011 IsDB Prize for Women’s Contribution to Development. They will receive their awards, along with other honorees, during an upcoming meeting of IsDB governors in June in Saudi Devex would like to honor the unsung heroes working in some of the most difficult environments in the world to bring about a better life for the people there, as well as the top aid officials making difficult decisions at headquarters.
friendly oil, which has become known for its medicinal and nutritious qualities. IsDB also lauded her contributions to the expansion of livelihood opportunities of rural women by teaching them to produce the oil.
Meantime, Boubacar was lauded for her efforts to improve rural women’s economic productivity and food security in Niger. She is a food technology researcher from Niger’s National Institute of Agronomic Research.
Charrouf and Boubacar are the recipients of the 2011 IsDB Prize for Women’s Contribution to Development. They will receive their awards, along with other honorees, during an upcoming meeting of IsDB governors in June in Saudi Devex would like to honor the unsung heroes working in some of the most difficult environments in the world to bring about a better life for the people there, as well as the top aid officials making difficult decisions at headquarters.
Tell us who you think made an extraordinary impact this past week by e-mailing gdb@devex.com, subject line: “Person of the Week.” Very important: Explain your choice in no more than 300 words. Don’t forget to include your name, affiliation and location, and make sure to create a personal profile on http://www.devex.com, so we can give you proper credit.
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