Thursday, May 19, 2011

Pravin Gordhan says IMF should appoint a managing director from a developing country

By Lelethu Mquqo
19 May 2011


Finance Minister Pravin Gordhan believes the International Monetary Fund should appoint a managing director from a developing country.

He says such a candidate will bring a new perspective that will ensure that the interests of all countries are fully reflected.

Gordhan’s statement came after current IMF head Dominique Strauss-Kahn was arrested on Saturday and formally charged in New York on Monday with seven counts involving sexual assault and attempted rape of a maid in a luxury hotel.

South Africa’s Trevor Manuel’s name is being mentioned as a possible successor.

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