Frenchman leads in two-horse race for IMF post


FE Team | Published: September 03, 2007 00:00:00 | Updated: February 01, 2018 00:00:00


PARIS, Sept 2 (AFP): France's Dominique Strauss-Kahn is clear favourite in the two-horse race to become the next leader of the International Monetary Fund (IMF) as the deadline for nominations passed this weekend.
The 58-year-old former French economy minister, nominated last July and backed by the EU and the United States, appears to have too much momentum for Josef Tosovsky, his sole challenger whose nomination was announced only last week.
The search for a new IMF chief began with the sudden resignation in June of Rodrigo Rato.
The candidates to succeed him will be subjected to an interview process by the IMF board from the beginning of September, but the selection process itself could last several weeks beyond that.
"The probability that Dominique Strauss-Kahn will be chosen is very great, firstly because of his competence and then by the support he has received from a number of important countries," says Philippe Hugon of the Institute for International and Strategic Relations (IRIS).

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