IMF chief to contest French presidential polls race
Thursday, 24 February 2011
Fazle Rashid
NEW YORK, Feb 23: Dominique Strauss-Kahn, lovingly known as DSK, Managing Director of the International Monetary Fund (IMF) strongly indicated that he would be a candidate in the next presidential race in France. This caused a ripple at the last meeting of Group of Twenty (G20) in Paris. 'I miss France,' he said repeatedly, adding " I listen to my wife and she has made it known that she does not want me to seek a second mandate at the Fund (IMF).
President Sarkozy's government is clearly worried at the prospect of seeing Strauss-Kahn in the French presidential race.
Sarkozy has also come under attack by a group of French diplomats past and present for pursuing a foreign policy plagued by amateurism, impulsiveness and preoccupation with media attention. "Europe is powerless, Africa escapes us, Mediterranean won't talk to us, China has kept us down and Washington is ignoring us," said the diplomats in an article in the reputed French paper the Le Monde.
The IMF has also been severely criticised for making effusive comments about the countries now being swept by 'People Power.' It praised Libya for its ambitious reform agenda, its strong macroeconomic performance and enhancing the role of the private sector. The IMF encouraged the authorities to continue on that promising path.
The IMF had also hailed Tunisia for its wide ranging structural reforms and prudent macroeconomic management. Bahrain was credited with a favourable near-term outlook and weathered the global economic crisis well.
About Algeria, the IMF said it has built a sound financial position with a very low level of debt. It made similar full blown praise for Egypt.
The current wave of anti-government and pro-democracy movement in the Arab world is against autocracy wealth amassed by the family of the ruling party cliques and rampant corruption in the upper reaches linked to ruling cliques.
Hosni Mubarak has stolen more than $70 billion and Gaddafi and his sons have also stolen a huge amount of public money.
NEW YORK, Feb 23: Dominique Strauss-Kahn, lovingly known as DSK, Managing Director of the International Monetary Fund (IMF) strongly indicated that he would be a candidate in the next presidential race in France. This caused a ripple at the last meeting of Group of Twenty (G20) in Paris. 'I miss France,' he said repeatedly, adding " I listen to my wife and she has made it known that she does not want me to seek a second mandate at the Fund (IMF).
President Sarkozy's government is clearly worried at the prospect of seeing Strauss-Kahn in the French presidential race.
Sarkozy has also come under attack by a group of French diplomats past and present for pursuing a foreign policy plagued by amateurism, impulsiveness and preoccupation with media attention. "Europe is powerless, Africa escapes us, Mediterranean won't talk to us, China has kept us down and Washington is ignoring us," said the diplomats in an article in the reputed French paper the Le Monde.
The IMF has also been severely criticised for making effusive comments about the countries now being swept by 'People Power.' It praised Libya for its ambitious reform agenda, its strong macroeconomic performance and enhancing the role of the private sector. The IMF encouraged the authorities to continue on that promising path.
The IMF had also hailed Tunisia for its wide ranging structural reforms and prudent macroeconomic management. Bahrain was credited with a favourable near-term outlook and weathered the global economic crisis well.
About Algeria, the IMF said it has built a sound financial position with a very low level of debt. It made similar full blown praise for Egypt.
The current wave of anti-government and pro-democracy movement in the Arab world is against autocracy wealth amassed by the family of the ruling party cliques and rampant corruption in the upper reaches linked to ruling cliques.
Hosni Mubarak has stolen more than $70 billion and Gaddafi and his sons have also stolen a huge amount of public money.