If Dominique Strauss-Kahn is forced to stand down as managing director of the IMF following his arrest on Sunday, the search for a successor would offer the best chance yet for a candidate from an emerging market to take the top job at the world’s lender of last resort.
As Alan Beattie reports in Monday’s FT, emerging governments have questioned the leniency of IMF programmes for western Europe in comparison to the stringent conditions often attached to its loans to the emerging world.
Now they have a better chance than ever to take the driving seat – though it’s still quite a small chance.
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