As it was informed by "Market Leader (US)"
IMF to elect new Managing Director: possible consequences
At the end of the last week the media published Dominique Strauss-Kahn’s statement saying that he was going to leave his post of the IMF’s Managing Director. The statement says that the decision is made in order not to besmirch the financial institution and to focus on proving his innocence.
In the near future the IMF is to hold elections in order to appoint new Managing Director of the Fund. It should be reminded that the First Deputy Managing Director John Lipsky is currently the caretaker. Most investors are focused on the issue. A member of the ECB’s board of directors said that it would be wise to appoint another European to this post. Some politicians say that Jean-Claude Trichet well may succeed Dominique Strauss-Kahn. Traditionally, no American can be the Managing Director of the IMF. However, since 1992 the US representatives can run for the First Deputy Managing Director.