I thought it might help to have some background on what has happened in the recent selection processes for IMF Managing Director (2000, 2004, 2007). There have been several false starts in the effort to democratize the process, with comical post-process candidacies, symbolic nominations, and a “G11” of rebels on the IMF Board. Stanley Fischer, Mohamed el-Erian, and Josef Tosovsky have been the unlikely vehicles for reformers’ hopes. This post is somewhat longer than most, but I think there’s enough amusement to keep people reading ….
Continue reading “Some history of the IMF MD selection process (since 2000)”