The Europeans chose, Friday, August 2, the Bulgarian Kristalina Gueorguieva to be their candidate for the leadership of the International Monetary Fund (IMF). His opponent, the Dutch Jeroen Dijsselbloem, "accepted the result," said a European source.
"Mrs Georgieva obtained the support of 56% of the countries representing 57% of the population of the EU against Mr Dijsselbloem who received the support of 44% of the countries for 43% of the population," said the source, adding that the European Finance Ministers will have a conference call at 10 pm to analyze this vote.
The EU countries, unable to find a consensus candidate, had opted for votes to decide the five candidates who sought the succession of Christine Lagarde.
Led by a European
Voting takes place according to the European rules of the qualified majority: the successful candidate must obtain the support of 55% of the member countries, ie 16 countries, representing at least 65% of the population of the EU. Each country decides by e-mail, according to sources.
Since its creation in 1944, the IMF has always been headed by a European, while an American has always been appointed head of the World Bank.
The successful EU candidate will have until September 6 to register with the IMF, and will then have to convince the other members of the Fund.
Other countries are closely following the process led by Europeans, particularly emerging countries, which have been calling for better representation in international institutions for years.
With AFP and Reuters