New IMF chief selection

21 May 2011 08:20 am - 16 - {{hitsCtrl.values.hits}}

A A A

The International Monetary Fund's selection process for a new managing director will kick off with nominations Monday, and the final decision expected by June 30, the institution said late Friday.

"I am very pleased to announce that the Fund's Executive Board has adopted a procedure that allows the selection of the next managing director to take place in an open, merit-based, and transparent manner," A. Shakour Shaalan, dean of the IMF executive board, said in a statement.

The position was opened in extraordinary circumstances this week after the former head Dominique Strauss-Kahn resigned in the wake of a sex scandal.

An individual "may be nominated for the position of Managing Director by a Fund Governor or an Executive Director during a nomination period which shall commence on May 23, 2011 and will close on June 10, 2011," said the IMF.

The board's aim "is to select the managing director by consensus with the objective of completing the selection process by June 30, 2011."

French Finance Minister Christine Lagarde emerged Friday as Europe's choice to lead the IMF, getting a boost when a Turkish favourite ruled out his candidacy for the powerful job.

Even as leaders in emerging economies clamoured for one of their own to take a job monopolised by Europeans since 1946, analysts called Lagarde the odds-on favourite to replace Strauss-Kahn after he stepped down to face sexual assault charges in New York.

Lagarde is "practically a shoo-in" as the European Union's candidate to succeed Strauss-Kahn, an EU source said. (Source: AFP/ac)

Order Gifts to Sri Lanka. See Kapruka's top selling online shopping categories such as Toys, Vegetables, Grocery, Flowers, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,News, Courier/Delivery, Food Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka.

Sell your vehicle & house fast with hitad.lk only cost is Rs.400, Advertise in Hitad.lk for free to sell your mobile phone. Want to sell your Pet, Advertise for Free in hitad.lk Search for Houses in Sri Lanka and find the best place through Hitad.lk find your best tuition place. Find the best partner for you, visit hitad.lk Find anything at any time hitad.lk.

Comments - 16

Wimal_Modawansa Saturday, 21 May 2011 08:32 AM

We recommend the name of our Finance Minister for this post.

DXB Saturday, 21 May 2011 08:52 AM

The Ideal person is Gota or Basil ... the only two intelectuals present world is having

Bumba Sunday, 22 May 2011 01:42 AM

My foot

ravi Saturday, 21 May 2011 09:27 AM

yes DXB they know how to eat the money..

Citizen Sunday, 22 May 2011 03:34 AM

Which one..? We have lot.....

misunderstood Saturday, 21 May 2011 10:10 AM

hay guys!! how about our former Finance Minster Chandrika or current CBSL Governor Mr Cabraal??

amal Saturday, 21 May 2011 10:19 AM

the epitome of sarcasm!

I Hussein Saturday, 21 May 2011 10:31 AM

Well i would suggest cabral, isnt he a genuis, only discovered recently though.

I Hussein Saturday, 21 May 2011 10:28 AM

Do we have one?

junior mervin Saturday, 21 May 2011 10:59 AM

we can suggest our "think tank" mervin silva as a candidate

Ragi Saturday, 21 May 2011 01:25 PM

Aleady Sinaporean Deputy primister , a Jaffana Tamil, who is alreayd in the board is recommended guys .Becsue he is a taimil Srilanka will not like , but they will like a Arab or Indian

Black Mamba Saturday, 21 May 2011 02:29 PM

How about nominating Citizen Perera- it will be good times ahead for all SL poor if he is appointed!~!!!!!!!!

goda Saturday, 21 May 2011 02:09 PM

Ajith Nivad Cabral is the best..Dont you think

ICC Saturday, 21 May 2011 02:33 PM

No body qualibicat because must criminal record
chek.

Minister Saturday, 21 May 2011 02:41 PM

Wait, till we send our nominations also. We have so many eligible candidates!

Yehiya-Doha Saturday, 21 May 2011 02:46 PM

No more IMF. Have a chance to Sri lankan origin Singaporian.

Add comment
Comments will be edited (grammar, spelling and slang) and authorized at the discretion of Daily Mirror online. The website also has the right not to publish selected comments.

New IMF chief selection

Comments - 16

Add comment

RECOMMENDED

Versatile Filmmaker Vasantha Obeysekera’s “Dadayama” (The Hunt)

Aragalaya will drag Sri Lanka into chaos and anarchy : Weerawansa

Tamil Parties Must Urge Full Implementation of 13A

Govt. re-recommends COVID-19 regulations: Medics, legal experts warn of vaccine expiry dates and injuries

8-year-old grave sexual abuse victim gets justice after 18 years

Covid makes a comeback!

Gas shortage could have been averted – Litro Chairman

Most Viewed in News

British woman’s passport seized over posting over protest in Colombo

Makeshift brothels crop up in Sri Lanka as economic hardship pushes women into prostitution

Sinopec likely to enter Lankan fuel market

Court refuses to make Hirunika a suspect

If visitors pay USD at airport, no fuel queues for them

46 illegal Sri Lankan migrants deported from Australia, arrived

TODAY'S HEADLINES

SL confirms it has asked China to defer vessel’s visit to H’tota

Colombo allows Pakistani frigate Taimur to dock, Dhaka says no

President’s meeting for all-party govt Making a U-turn JVP now decides not to attend today’s meeting

12.5Kg LITRO gas cylinder price reduced by Rs.246

MIRROR CRICKET

England take early T20I series lead over Sri Lanka

New Zealand clinch World Test title

LPL 2nd edition from July 30-August 22-SLC

Sanath Jayasuriya signs as coach at Melbourne cricket club Mulgrave

Lankan athletes need more foreign exposure – NOCSL

Lankan athletes Sarangi, Sumedha fall short in finals

IPG comes forward as Ground Rights Holder and Broadcast Production for SLC’s T20 Invitational

Sri Lanka win bronze in Wrestling