Related readings

The new head will not only have to restore the agency's reputation and morale but also oversee the IMF's transformation into a competent international financial institution that is relevant to the world today.

To properly reflect the growing role of developing countries, which are still under-represented in this and many other major international institutions,doudoune moncler, the BRICS countries should be more confident in asserting their common position,moncler quincy pas cher, even if that may annoy others.
It is understandable that some European countries might feel surprised, if not offended,air jordan, by BRICS objection to selecting the IMF managing director on the basis of nationality.
The IMF's declining reputation as a reliable firefighter against financial and economic crises indicates that the agency has so far failed to recognize the accelerating shift in the global economy from West to East, as evinced by the glacial pace it has taken to adjust its quota and votes among all members.
Following a decades-old practice, which automatically dictates a European person heads the Fund, Europe is uniting behind Christine Lagarde, the French finance minister.

Related readings:
 Former IMF chief moves to new housing in NYC
 IMF chief may use consent defense
 France's Lagarde eyes IMF leadership
 Troubled IMF needs changes
The IMF is searching for a replacement for Dominique Strauss-Kahn, who resigned after being charged with ######ual assault in New York.
The joint statement made by the IMF executive directors for Brazil, Russia, India,air jordan chaussure, China and South Africa for a truly transparent, merit-based and competitive process for the selection of a new IMF chief is a much-needed example of coordination among these leading emerging economies.
Yet,doudoune moncler pas cher, to perceive the statement by the BRICS countries merely as a challenge to Europe will not help the IMF select the most competent person as its new head, regardless of his or her nationality, nor will it enable the international community to press ahead with reforms.
(China Daily 05/26/2011 page8)
As the BRICS countries correctly pointed out,moncler sito ufficiale, adequate representation of emerging markets and developing members in the Fund's management is critical to its legitimacy and effectiveness.
The selection of its new head is an opportunity to start a new chapter for the IMF. For the benefit of both developed and developing economies,moncler quincy, all members of the Fund should give their vote for a brave new IMF led by a reformer who will not allow himself or herself to stand in the way of historic changes.
But if the IMF is to swiftly adapt itself to the new realities of the global economy,jordan chaussure, it is time to abandon the unwritten convention that its head has to come from Europe.
The BRICS countries' call for a truly transparent, merit-based and competitive process for the selection of the new head of the International Monetary Fund (IMF) is essential if this agency is to fulfil its purpose.
相关的主题文章：


I have nothing to offer but blood

在去年9月23日

Man-made food items


UNITED NATIONS, Jan. 6 (Xinhua) -- UN Secretary-General Ban Ki-moon said here Wednesday that "Afghanistan will remain one of our main priorities in 2010," and the relations between Afghanistan and its international partners "must be reevaluated."