News analysis

Europeans unlikely to let go of IMF top post

They will be expecting support from the US for backing its candidate for the World Bank

It's been a tradition at the World Bank and International Monetary Fund (IMF) that the Americans would get to pick who leads the first and the Europeans the second - but this year was meant to be an opportunity for change.

The arrangement dates back to the two sister organisations' founding and has held firm despite China and developing economies lobbying for a bigger say.

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A version of this article appeared in the print edition of The Straits Times on July 06, 2019, with the headline 'Europeans unlikely to let go of IMF top post'. Print Edition | Subscribe