France to lead EU talks on new IMF chief

IMF Managing Director (MD), Christine Lagarde
IMF Managing Director (MD), Christine Lagarde

French Economy Minister, Bruno Le-Maire, will lead informal talks to produce a European candidate to head the International Monetary Fund (IMF), a European official at G7 talks near Paris said on Thursday.

The four European G7 members – Britain, France, Germany, and Italy – agreed that one European candidate should be put forward as a replacement for outgoing IMF Managing Director, Christine Lagarde, the official said on condition of anonymity.

The IMF has traditionally been headed by a European, while sister organisation, the World Bank, has been headed by U.S. officials.

Ms Lagarde submitted her resignation as IMF chief this week after EU heads of government nominated her to head the European Central Bank.

“Le-Maire will consult informally with all EU member-states to find an agreed candidate with economic and financial experience as well as a political track record,’’ the source said.



PT Mag Campaign AD

Support PREMIUM TIMES' journalism of integrity and credibility

Good journalism costs a lot of money. Yet only good journalism can ensure the possibility of a good society, an accountable democracy, and a transparent government.

For continued free access to the best investigative journalism in the country we ask you to consider making a modest support to this noble endeavour.

By contributing to PREMIUM TIMES, you are helping to sustain a journalism of relevance and ensuring it remains free and available to all.


TEXT AD: To advertise here . Call Willie +2347088095401...

NEVER MISS A THING AGAIN! Subscribe to our newsletter

* indicates required


Now available on

  Premium Times Android mobile applicationPremium Times iOS mobile applicationPremium Times blackberry mobile applicationPremium Times windows mobile application

All rights reserved. This material and any other material on this platform may not be reproduced, published, broadcast, written or distributed in full or in part, without written permission from PREMIUM TIMES.