Tell the IMF: No funny business!


May 31st, 2011 7:16 PM UTC
By Malaka Gharib

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By now, I’m sure you’ve received our email about our latest petition to the International Monetary Fund (IMF). We’re urging them to run a fair, transparent and merit-based process as they choose a new boss.

It seems like a no-brainer, but the vetting process for the world’s biggest financial institutions — the IMF and the World Bank — have been run as a sort of “gentleman’s agreement.” In complete layman’s terms, the US usually chooses the head of the World Bank, and Europe usually chooses the IMF’s leader. This process completely unfair, and as the Economist says, a “disgrace.” It simply closes out qualified candidates from all corners of the globe.

Being the head honcho of the IMF is one of the most important jobs in the world. You must be able to work with 187 countries to foster global monetary cooperation, secure financial stability, facilitate international trade, keep employment rates high, sustain economic growth and reduce poverty around the world. It’s a big job and should be given to the right person.

Please take a moment and tell the IMF executive directors to run a fair, transparent and merit-based process while looking for a new head of the IMF so that the best candidate, regardless of nationality, wins this crucial job.

TAGS: IMF, ONE, ONE App

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