In­dia should head IMF, WB: IMF chief

The Pak Banker - - Front Page -

NEW DELHI: Ap­pre­ci­at­ing In­dia's ris­ing stature as an eco­nomic power, IMF man­ag­ing di­rec­tor Do­minique Strauss-Kahn Thurs­day said the next heads of the World Bank and the In­ter­na­tional Mon­e­tary Fund (IMF) should be from emerg­ing economies like In­dia.

"Lets be can­did. The (era of) so-called agree­ments be­tween the US and Euro­peans whereby the IMF head used to be Euro­pean and the World Bank pres­i­dent Amer­i­can is over," Strauss-Kahn told re­porters af­ter meet­ing Fi­nance Min­is­ter Pranab Mukher­jee here. There have been re­ports that In­dia was push­ing for the ap­point­ment of Plan­ning Com­mis­sion Deputy Chair­man Mon­tek Singh Ah­luwalia as the next man­ag­ing di­rec­tor of the IMF. "I think it will be just fair that the next leader of the two in­sti­tu­tions will come from some­where else in the world," Strauss-Kahn added.

Asked about the meet­ing with Strauss-Kahn, Mukher­jee said,"We had a very fruit­ful meet­ing. Our re­la­tion­ship with IMF is ex­pand­ing." -PB News

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