Some Thoughts on a New Managing Director of the IMF Gabriele Köhler

There needs to be a transparent selection process for the next managing director of the IMF. Most commentators agree that transparently agreed technical qualifications must drive the selection criteria. However, the real issue is the far more controversial question of the managing director’s political and policy orientation. At this time of resurgent austerity politics, it is vital to discuss how to make the IMF an institution that puts poverty eradication, employment, decent work, and the regulation of global financial flows back as its overarching rationale, in tune with its intent as conceived in 1944. The Articles of Agreement state as…