...have certain professional qualifications (distinguished record in economic policymaking, capable of providing strategic vision, etc.) and (2) nominees may be nationals of any of the Fund’s members, rejecting the European convention. This followed a July 2007 report by the IMF’s Independent Evaluation Office assessing the strengths and weaknesses of the IMF’s nomination process, and canvassing the
search practices of other international organizations and businesses, including CEOs. Given the debacle surrounding Wolfowitz earlier this summer,, the IMF’s move may presage new thinking in other institutions as well. But the end results...