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

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"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 Economic Affairs: Europe's leadership monopoly hurts the IMF. Subscribe