Economic Affairs: Europe's leadership monopoly hurts the IMF

Doubts about the fund's independence and impartiality will deepen if backroom deals once again determine who gets its top post

"Europeans unlikely to let go of IMF top post," read a headline in these pages over the weekend. It's an assessment echoed in several other publications around the world.

Unfortunately, it's accurate.

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A version of this article appeared in the print edition of The Straits Times on July 10, 2019, with the headline 'Europe's leadership monopoly hurts the IMF'. Print Edition | Subscribe