Friday, June 29, 2007

Calls for IMF to consider non-European to replace Rato

(Reuters) - The surprise resignation of the head of the International Monetary Fund immediately prompted calls for the job search for his replacement to reach beyond Europe -- which has provided all the IMF's leaders.

The top IMF job has always gone to Europeans since the IMF's inception in 1945. Similarly, the World Bank is typically headed by an American, shutting out Japan and developing countries.


Read more at Reuters Africa

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