With the same non-lightining speed they displayed during the IMF’s last selection process — and the same vagueness — the BRICS finance ministers, meeting on the sidelines of the G20 Finance Ministers’ meeting on this weekend in Mexico City — said they really should nominate someone. Continue reading
Monthly Archives: March 2012
Didn’t we already get the memo…
As we know, the unofficial and informal agreement between the United States and Europe is that the U.S. selects the president of the World Bank and the Europeans select the managing director of the Fund. It is a time-honored (at least from the end of WWII) tradition as familiar to some as death and taxes. Continue reading