Mexico Ready for Transparent International Monetary Fund Chief Selection Process

Mexico Ready for Transparent International Monetary Fund Chief Selection Process

Submitted by MexicoToday on Tue, 2011-05-31 19:09
Fri, 2011-05-20

 

Looking ahead to the selection of the new International Monetary Fund chief in the wake of IMF director Dominque Strauss-Khan’s recent scandal, Mexico's foreign ministry called for an open and democratic process. 

"Mexico reaffirms its conviction that the process of selecting the governing body of the fund must be done through an open, transparent process based on the merits of the candidates without regard for nationality," the statement read.

In the statement released prior to International Monetary Fund chief Dominque Strauss-Khan’s resignation, the Ministry stated that it “deplored the events” around the scandal that has left Strauss-Khan charged with sexual assault after an alleged attack on a maid in a New York City hotel. 

Mexico has a particular interest in the selection of the new chief, as next year the country will assume the presidency for the G20 group of economic powers.

"Mexico expresses its readiness to actively participate in the process of selecting a new chief of the International Monetary Fund," reads the statement.