PM ‘to nominate Osborne for IMF’
BoRiS Johnson is expected to nominate former chancellor george osborne to be the head of the international Monetary Fund.
The post was vacated last month when France’s Christine lagarde stepped down following her appointment as the next head of the European Central Bank. The job is expected to go to a European under a long- standing tradition, with Mr osborne, 48, and Bank of England governor Mark Carney both suggested as possible British candidates early in the process.
That seemed less likely in recent weeks, with other candidates backed by germany and France considered stronger contenders. Mr Carney is thought to have been ruled out because he is technically Canadian.
But EU leaders have so far failed to unite behind a candidate ahead of a vote scheduled for today. That is thought to have left an opening for Mr osborne to become a possible compromise candidate, and Mr Johnson’s government was last night poised to back him, The Times reported.
Ministers from 28 EU nations will vote via email this morning on a shortlist of four names. Downing Street said that, if the four names are not whittled down, then they will consider throwing Mr osborne’s hat into the ring.