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OECD says time right to switch to non European IMF head

20 may 2011, 17:19
The time has come to choose a non-European head of the International Monetary Fund, AFP reports citing OECD secretary general Angel Gurria.

Gurria told journalists as the IMF awaits a successor to Dominique Strauss-Kahn that he thought this time it was possible to break with the arrangement since World War II that a European heads the fund, but that a choice had to be made quickly.

Saying that French Finance Minister Christine Lagarde, whose name is frequently mentioned for the post, would do a "formidable" job he said that this was not the issue.

The political issue was to choose a non-European, he said. But he also noted that merit was more important than nationality.

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