BUSINESS

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

06/03/2011 09:55 am ET | Updated Aug 03, 2011

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 more on Project Syndicate

Suggest a correction