Dispute over European IMF leader

The International Monetary Fund headquarters building in WashingtonAll 10 of the IMF’s managing directors have been Europeans
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Developing countries have expressed concern over the selection process for the next head of the International Monetary Fund.

Brazil, Russia, India, China and South Africa said choosing a managing director on the basis of nationality undermined the fund’s legitimacy.

European officials believe another European should replace Dominique Strauss-Kahn as the IMF’s managing director.

Mr Strauss-Kahn resigned last week.

This article is from the BBC News website. © British Broadcasting Corporation, The BBC is not responsible for the content of external internet sites.

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