France's Le Maire urges European leaders to find a candidate to Chair IMF


by   |  VIEW 169
France's Le Maire urges European leaders to find a candidate to Chair IMF

On Saturday, the 6th of July 2019, France’s finance minister, Bruno Le Mire said that the finance ministers of European countries had to find a candidate to Chair IMF, who would be replacing Lagarde, as EU leaders last week had reached an accord to replace ECB (European Central Bank) head Mario Draghi with IMF’s Lagarde.

Nonetheless, following selection of Lagarde as a new ECB Chair, questions were raised who would be heading World Bank’s sister organization, International Monetary Fund (IMF). Traditionally, the responsibilities were shared equally by an American and a European.

As the World Bank’s Presidency had recently gone to United States’ David Malpas, the French finance minister, Bruno La Maire had been quoted saying at the sidelines of an Economics and Business Conference in Southern France that finance ministers of European nations would discuss about the subject-matter on next Tuesday (July 9th).

While being asked whether Bank of England Governor, Mike Carney would be considered for the job, addressing to Carney’s triple citizenship, as he had been holding an Irish alongside a British passport, while being a Canadian by birth, La Maire said, “If we have European candidates at good levels, we will have good European candidates for IMF”.