News analysis
Europeans unlikely to loosen their grip on IMF top post
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It seems unlikely that the Europeans would be willing to depart from tradition now at the International Monetary Fund.
PHOTO: AFP
It's been a sacred tradition at the World Bank and International Monetary Fund (IMF) that the Americans would get to pick who leads one and the Europeans the other - but this year was meant to be an opportunity for change.
It's an arrangement that dates back to the founding of the two sister organisations and has held firm despite China and developing economies lobbying for a bigger say.