Go Finance Reporting in JERUSALEM - Israeli Central Bank Governor Stanley Fischer helped enliven the bourse candidate for Director of the International Monetary Fund (IMF). But it turns out, there are major obstacles to be faced. What is it?
"One stumbling block could be his age Fischer. Fischer will be 68 years old next October. Where the IMF rules, a candidate for the Director of the IMF must be aged under 65 years. But we will continue to support it," said Yuval Steinitz Israeli Finance Minister, quoted by by AFP on Monday (06/13/2011).
The IMF executive Board consisting of 24 people, representing all members of the IMF, have targeted the end of June it reached one name of one candidate forward. However, other obstacles that will confront Fischer namely the state of Israel is not "popular" in Arab countries.
"The main task of the Fund is suitable for Fischer, like a glove, either because of education and experience exceptional. He has built the IMF, World Bank, and in the six years he has become an asset for the Israeli economy to become governor of the central bank," said Steinitz.
Steinitz said that Israel's goal is to support the bid and work together to help the success of Fischer. For your information, French Finance Minister Christine Lagarde, Governor of the central bank of Mexico Agustin Carstens is currently vying to fill the vacancy. (GoFinance)
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