The statement by the Group of 24 (G24), which operates as an association of minority shareholders in the IMF and the World Bank and which has previously complained about the lack of democracy at the IMF, was also seen as one of the clearest signals of distrust in how the IMF is being run.
It came as sources at the IMF tell IPS that highly qualified candidates from developing nations are hesitating to apply for the managing director position because they see the process as skewed in favour of the European candidate, Dominique Strauss-Kahn. They say that the near-unanimous agreement among European finance ministers to back Strauss-Kahn makes the successful outcome of his nomination a done deal.
It came as sources at the IMF tell IPS that highly qualified candidates from developing nations are hesitating to apply for the managing director position because they see the process as skewed in favour of the European candidate, Dominique Strauss-Kahn. They say that the near-unanimous agreement among European finance ministers to back Strauss-Kahn makes the successful outcome of his nomination a done deal.
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