Korn backs ASEAN citizens to replace IMF MD

Thai Finance Minister Korn Chatikavanij has supported ASEAN economists to be the next managing director of International Monetary Fund (IMF) after Mr Dominique Strauss-Kahn recently showed his intention to resign from the post.

Speaking about the selection of a new IMF managing director to replace the incumbent one who is struggling with sex scandal, Mr Korn stated that the board executives of both IMF and World Bank usually are dominating European and American people.

However, economies of many developing countries, especially in ASEAN region are currently expanding significantly, so the Mer believes qualified candidates with adequate potentials can be found in the region to take the helm of the world-class financial organizations.

Mr Korn also pointed out some competent economists, such as incumbent Singaporean Finance Minister Tharman Shanmugaratnam and former Indonesian Finance Minister and current World Bank Managing Director Sri Mulyani Indrawati.

Mr Korn hence continued that the old tradition to focus only European and American candidates should be forgotten in order to give economists from other regions a chance to sit in the high positions of the global organizations.

Source: http://thainews.prd.go.th/en/news.php?id=255405210007

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