But Fund staff hit out at selection process

The perceived carve up of the IMF and World Bank top jobs between the US and Europe provoked a grassroots revolt among staff at the Washington-based Fund this week.

A leaked memo from one of the IMF's top officials expressed "increasing concern" about the failure of the Fund to practise the transparency it preaches to governments in the developing world.

Amid renewed acrimony between European governments over which country should enjoy the right to choose the next IMF head, Jack Boorman, the he

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