New French candidate for IMF emerges

- Central Banking staff
- 09 Jul 2007

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A former finance minister of France, Dominique Strauss-Kahn, has emerged as one of the early favourites to become the next head of the International Monetary Fund (IMF). The current managing director, Rodrigo de Rato, announced last month that he would step down in October.

While no firm decision about the IMF post has yet been made, the recently-elected French president, Nicolas Sarkozy, has backed Strauss-Kahn in recent days.

"To obtain the post it is necessary to have strong credibility

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