Next IMF chief could be non-European

Christine Lagarde and George Osborne
Christine Lagarde and George Osborne at Chatham House in 2011
Chatham House

The surprise announcement on July 2 that Christine Lagarde had been nominated for the European Central Bank presidency threw open the question of who could succeed her at the International Monetary Fund.

Of the 11 people who have held the post of managing director, all have been European. The convention has held since the IMF was founded in 1945, with a North American tending to lead the World Bank.

Including Lagarde, five IMF managing directors have been French, making France the most

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