Joseph Stiglitz: Next IMF Head Must 'Continue Along The Reform Path'

Project Syndicate:

NEW YORK – Sooner than expected, the International Monetary Fund will have a new managing director. For more than a decade, I have criticized the Fund’s governance, symbolized by the way its leader is chosen. By gentlemen’s agreement among the majority shareholders – the G-8 – the managing director is to be a European, with Americans in the number two post and at the head of the World Bank.

Read the whole story: Project Syndicate

Comments

[loki]

04:23 AM on 06/05/2011

In May 2011, despite not having a background in economics, Lagarde was mentioned as a possible successor of Dominique Strauss-Kahn as managing director of the International Monetary Fund. Her candidacy received the support of the British and German governments and of other European leaders.[14][15][16]

Lagarde is currently under investigation for settling with Bernard Tapie out of court and authorizing very large payments in his suit with the Crédit Lyonnais, which was publicly owned
http://en.wikipedia.org/wiki/Christine_Lagarde

[Jack Daniels Esq]

04:48 AM on 06/04/2011

Making the odd Brie or white flag does not automagically escalate frogs to IMF banker status

[VictorLudorum]

02:47 AM on 06/04/2011

There is no Reform Path ,only small economies and renegade sums are being recognised in Photo Jounalism..

[politicky]

05:09 PM on 06/03/2011

A relatively small group of people has managed to enslave most of the world in their tangled web of debt.

[VictorLudorum]

03:07 AM on 06/04/2011

This is true ,and they are 'unauthentic' stakers collecting illicit money allover..

[jcaunter]

12:45 PM on 06/03/2011

The next IMF chief must dissolve the IMF, for the love of God and humanity.

[philprism]

11:17 AM on 06/03/2011

The only reform we will see is privatisation and debt slavery denominated in Yuan or Euros instead of dollars.

Exploitation through privatisation remains the model leverage created by usurous loans to stupid and or corrupt governments.

This from Mr Jean-Claude Juncker, head of the Eurogroup finance ministers and partner of the IMF in this $340Bn Greek debt debacle -

"That means that Greece will have to prove it will be able to meet its budgetary goals for 2011. Greece will have to implement a privatisation programme."

Reform is ephemeral, greed, merciless exploitation and the ability to ignore suffering are the only qualifications you need to be a senior officer of the IMF and World Bank