Malaysia wants new IMF chief who represents developing nations

08:52, May 24, 2011      

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Malaysia pushed for a new International Monetary Fund (IMF) chief who could represent the developing countries on Monday, as debate over Dominique Strauss- Kahn's successor heats up across the globe.

"Malaysia joins other developing countries in calling for an open, transparent and fair selection process in the appointment of a new managing director for the IMF," Malaysian Foreign Minister Anifah Aman said.

"Malaysia is of the view that the post should be filled by a candidate who would represent the growing role of developing countries in the global economy," he added.

He also said that the suggestion is in line with calls towards reforming the IMF, taking into account "in a meaningful manner" the views of the developing countries.

Strauss-Kahn resigned as the IMF's managing director following his arrest in New York for sexual harassment.

The battle of the top post, held by a European for six decades looms after the departure of Strauss-Kahn last Thursday as countries outside Europe challenged the convention of appointing a European as the head of IMF.

Australia and South Africa, with the backing of China, India and Brazil had called for IMF management to be chosen on merit rather than by nationality.

The European Commission president and leaders of several European countries on the other hand insisted on another European to lead the role, citing the urgency to solve problems in the Euro zone, such as the sovereign-debt crisis that threaten the global economy as a reason.

Mexico nominated its central bank chief Agustin Carstens in the race as Britain endorsed French finance Minister Christine Lagard as an "outstanding candidate" for IMF chief.

The Washington-based fund was reported to have planned to complete its search for a managing director by June 30.

Source: Xinhua
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