US seeks 'prompt', 'open' pick of IMF chief

19th May 2011, Comments 0 comments

The United States on Thursday called for an open and prompt process for choosing the head of the International Monetary Fund after the resignation of managing director Dominique Strauss-Kahn.

"As acting managing director, John Lipsky will provide able and experienced leadership to the Fund at this critical time for the global economy," US Treasury Secretary Timothy Geithner said in a statement.

"We want to see an open process that leads to a prompt succession for the Fund's new managing director."

Geithner's comments came amid global speculation about who will become the next managing director of the IMF after Strauss-Kahn resigned late Wednesday to fight sexual-assault charges.

The leadership vacuum at the powerful institution, which makes loans to struggling economies, has prompted cries from the developing world for an end to the gentleman's agreement between the US and Europe that a European fills the post.

The United States is by far the largest stakeholder of the 187 member nations in the Washington-based institution, with nearly 17 percent of the vote.

© 2011 AFP

0 Comments To This Article