Governance is the number one weakness of the IMF and needs to be addressed to improve the effectiveness of the organization.
The IMF began interviews Monday with candidates to run for managing director of the 187-member organization.
Trevor Manuel / South African Finance Minister
Zhu Min / Special advisor to managing director of IMF
Arminio Fraga / President of Brazilian Central Bank
Gordon Brown / Former British Prime Minister
Mario Draghi / President of Italy's Central Bank
Tharman Shanmugaratnam / Singapore Finance Minister
Thomas Mirow / Deputy German Finance Minister
Stanley Fischer / Israeli Central Bank Governor
Peer Steinbruck / German Finance Minister
Mehmet Simsek / Turkish Finance Minister
The selection of the next head of the International Monetary Fund (IMF) should reflect the changing realities of the global economy and not on the basis of nationality.
The selection of a new managing director of the International Monetary Fund will be an open and transparent process. (John Lipsky, acting managing director of the IMF)
The chief of the IMF should be chosen through democratic consultation with a merit-based and transparent selection process. (Jiang Yu, China's Foreign Ministry spokeswoman )