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Sanjay Sharma

Ex Director, Maastricht University India Institute, Maastricht University

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High time that IMF be headed by a candidate from emerging economies?

Traditionally IMF head has been a European. Now could be a good time to democratize this international institution and make it relevant in the changed/changing economic environment in which the pivot of global finance and economy is shifting towards newly emerging economies.

Topics: Democratization Develoment Emerging Economies Global Finance IMF Institutional Reform
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  • Sanjay Sharma

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    May 24 2011: wonder if you have seen this article

    http://edition.cnn.com/2011/OPINION/05/19/saez.imf.developing.world/index.html
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      Lindsay Newland Bowker 50+

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      May 24 2011: Excellent article, Sanjay. Seems like everyone at this "round table" is in agreement that the IMF has to change and that the change has to be a fundamental shift away from EU control

      . Your question seems to assume that the overall revamping in strategy and purpose , the overall rehabilitation of the IMF would naturally follow from that. But without a formal reorganization control would not change because of the way the voting blocs work. Also without a concurrent simultaneous revamping of the World Bank ( they are twins joined at the hip) I'm not sure how much a change in head alone will benefit the developing and undeveloped nation sof the world.

      Or have I assumed too much here? I assumed that the purpose for seeking a non EU leader for the IMF was to effect a radical and desperately needed change in how the IMF treats undeveloped and developing nations. Was that not the point of your premise?
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        Salim Solaiman 50+

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        May 25 2011: wow Lindsay "they are twins joined at the hip" a poetic symbolisation it is !!! Impressed I am :)
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          Lindsay Newland Bowker 50+

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          May 25 2011: do you agree?

          I see them as really different subsidiearies in the same big corporation..same phiosphies, same goals,,idistinguishable really and very much in synch with each other.

          am i wromg?

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