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Statement by the G-11 Executive Directors of the IMF on the Selection Procedures for Appointing the IMF Managing Director
The G-11 Executive Directors of the International Monetary Fund (IMF) made the following statement today on the selection process for a new Managing Director:
"In our statement on March 19, 2004, we outlined some key principles that should be observed in the selection of the Managing Director. These included:
The aim being to select the best person for the job, regardless of nationality.
These principles represent the foundation of the recommendations of the Joint Report on the Process for Selection of the Managing Director, which were endorsed by the Executive Board in April 2001. We recognize that, given the time constraint, it will not be possible to apply the letter of those recommendations at this time. However, we believe it is essential to abide by the principles underlying those recommendations, and thus propose the following procedures for nominating and selecting the Managing Director:
This process should be conducted as quickly as possible."
IMF EXTERNAL RELATIONS DEPARTMENT