Monday, May 23, 2011

::"The IMF's Director Selection Should Process Transparent">>

Go Finance Reporting in BERLIN - German Finance Minister Christine Lagarde said if that came from France crowned a new candidate to replace the leader of the International Monetary Fund (IMF).

Langarde emerged as the second choice to replace Dominique Strauss-Kahn, who also came from France, where Kahn has resigned this week due to allegations of sexual assault.

German finance minister, Germany Wolfgang Schaeuble also explain if langarde will provide the best opportunity for Europe if it can be a leader for the IMF. "Europe will have the best chance if Langarde IMF could be a leader," he said as quoted from Assotiation Press (AP), Monday (05/23/2011).

He explained also, Langarde is someone who is very qualified and highly respected and valued in the financial world. The IMF stressed that since Strauss's resignation does not disrupt the daily activities of the IMF. But clearly still needed a replacement as soon as possible in order to lead the organization, an organization whose function is to lend billions in stabilizing the world economy.

24 The executive council which will choose who the right people in place Srass-Kahn has held preliminary discussions on Friday at the IMF headquarters, Washington. They claim if the selection will be completed by the end of next month.

Meanwhile, Chairman of the organization's policy advisory committee, Finance Minister Tharman Shanmugaratnam Singapore, said that if the new IMF chief selection process should be open and transparent.

For information, Langarde currently 55 years old. Having a clean image and has been praised for his intelligence he had. For example, while helping to overcome the global financial crisis in Europe. He speaks English perfectly and most importantly, most of his career spent in the United States. (GoFinance)

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