How Will the IMF Select its New Managing Director? (2004)

6 Pages Posted: 5 May 2004

See all articles by Jonathan E. Sanford

Jonathan E. Sanford

U.S. Congressional Research Service - Foreign Affairs, Defense, and Trade Division

Martin A. Weiss

U.S. Congressional Research Service - Foreign Affairs, Defense, and Trade Division

Date Written: April 2004

Abstract

The issue of selection of IMF (and other international financial institutions) has been heightened by the resignation of IMF Managing Director Horst Kohler. Controversy focuses on whether a 60-year old convention reserving the IMF leadership for a European (and the World Bank for a U.S. citizen) is adequate for the current global economy. Proposals for a more open and transparent selection process have been made, although it appears that the current selection process will follow the traditional procedure. Nonetheless, reform of the process is of active concern and will likely arise again in 2005 with the selection of a new World Bank president. This report discusses the traditional process and proposals for reform. It will not be updated.

Suggested Citation

Sanford, Jonathan E. and Weiss, Martin A., How Will the IMF Select its New Managing Director? (2004) (April 2004). Available at SSRN: https://ssrn.com/abstract=540504 or http://dx.doi.org/10.2139/ssrn.540504

Jonathan E. Sanford (Contact Author)

U.S. Congressional Research Service - Foreign Affairs, Defense, and Trade Division ( email )

Washington, DC 20540
United States

Martin A. Weiss

U.S. Congressional Research Service - Foreign Affairs, Defense, and Trade Division

Washington, DC 20540
United States

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