Bank Of England’s Carney Appears Out Of Race For IMF Top Job

www.oann.com | 7/16/2019 | Staff
CHANTILLY, France (Reuters) – The governor of the Bank of England, Mark Carney, is unlikely to succeed Christine Lagarde as the boss of the International Monetary Fund, European officials said on Thursday, as the European Union was considering four other names for the job.

Lagarde resigned as IMF managing director this week after EU leaders picked her to become the new governor of the European Central Bank at the start of July.

IMF - Job - European - Officials - Sidelines

The top IMF job historically has been filled by a European, and officials on the sidelines of a G7 finance ministers and central banker governors meeting said Carney, who holds Canadian, British and Irish passports, was not considered European enough.

“He has the wrong passport, though otherwise everyone would love him,” one official said, echoing the views of three others.

Official - Month - President - Emmanuel - Macron

A senior French official said earlier this month that President Emmanuel Macron wanted a “continental European” for the job, effectively ruling out Carney.

French Finance Minister Bruno Le Maire has agreed to lead consultations among European countries to find a candidate by the end of the month.

Idea - Consensus - Candidate - Europe - IMF

“The idea is to reach a credible and solid consensus on a European candidate that will allow Europe to continue to run the IMF,” Le Maire...
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