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    The selection of the next leader of the International Monetary Fund (IMF) should be done in a transparent and inclusive manner according to the NGO alliance InterAction. InterAction, whose members work with the world's poorest populations, believes the new IMF leader should be selected through an open, merit-based process as promised by the IMF executive board. InterAction hopes the new IMF leader will focus on addressing the needs of the world's most vulnerable people and that emerging countries will be allowed to nominate candidates for the position which has historically been held by leaders from wealthy nations.

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    The selection of the next leader of the International Monetary Fund (IMF) should be done in a transparent and inclusive manner according to the NGO alliance InterAction. InterAction, whose members work with the world's poorest populations, believes the new IMF leader should be selected through an open, merit-based process as promised by the IMF executive board. InterAction hopes the new IMF leader will focus on addressing the needs of the world's most vulnerable people and that emerging countries will be allowed to nominate candidates for the position which has historically been held by leaders from wealthy nations.

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    5 23 11 IMF Statement

    Uploaded by

    InterAction
    The selection of the next leader of the International Monetary Fund (IMF) should be done in a transparent and inclusive manner according to the NGO alliance InterAction. InterAction, whose members work with the world's poorest populations, believes the new IMF leader should be selected through an open, merit-based process as promised by the IMF executive board. InterAction hopes the new IMF leader will focus on addressing the needs of the world's most vulnerable people and that emerging countries will be allowed to nominate candidates for the position which has historically been held by leaders from wealthy nations.

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    May 23, 2011 www.interaction.

    org

    Contacts:
    Sue Pleming: 202.552.6561 or 202.341.3814 (Cell) or spleming@interaction.org
    Tawana Jacobs: 202.552.6534 or 202.297.1696 (Cell) or tjacobs@interaction.org

    IMF leader must be selected in open, transparent way, urge NGOs


    WASHINGTON/DEAUVILLE (May 23, 2011)—The selection of the next leader of the
    International Monetary Fund should be done in a transparent and inclusive manner, said the
    U.S-based NGO alliance, InterAction, whose work focuses on the world’s most poor and
    vulnerable populations.

    “Today’s fragile global financial system continues to experience shocks that will impact the
    world’s poor. How the IMF helps shape the response over the next few years will be determined
    by its new leadership,” said Samuel A. Worthington, president and CEO of InterAction.

    With more than 190 members, InterAction is the largest alliance of U.S.-based NGOs working in
    the developing world.

    The IMF’s executive board has promised the selection process, which is expected to be
    complete by June 30, will be “open, merit-based and transparent”. World leaders meeting at the
    G8 meeting in Deauville, France, this week (May 26-27) should follow through on this pledge.

    “The selection and orientation of the new head of the IMF should reflect the best of the global
    financial system, not its shortcomings,” added Worthington

    Emerging countries should be allowed to put forward their own candidates for a post that has
    been held for the past 65 years by wealthy, industrialized nations, he added.

    “InterAction members also hope that the next leader of the IMF will have not only strong central
    bank or finance minister qualifications, but also the intention to focus on the world’s most poor
    and vulnerable populations,” he said.

    In recent years, civil society groups have had a positive dialogue with the IMF on a range of
    issues, a relationship which Worthington said he hoped would continue.

    “InterAction looks forward to facilitating this dialogue and working closely with the new leadership
    of the IMF,” he added.

    ***************
    AVAILABLE FOR INTERVIEWS
    Sam Worthington is available for interviews before the G8 summit. InterAction expert John
    Ruthrauff will be in Deauville next week and can provide the viewpoint of international NGOs
    during the summit. To schedule an interview, please contact Sue Pleming at
    spleming@interaction.org or 202-341-3814 or Tawana Jacobs at tjacobs@interaction.org or
    202-552-6561.

    **************************************************************************************************************
    InterAction is the largest alliance of U.S.-based nongovernmental international organizations with more than
    190 members. Our members operate in every developing country, working with local communities to
    overcome poverty and suffering by helping to improve their quality of life. Visit www.interaction.org

    InterAction | 1400 16th St. NW, Suite 210, Washington D.C. 20036 | 202.667.8227 | ia@interaction.org

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