Swedish paper tips new IMF boss

Sweden’s Dagens Nyheter has compiled a list of eight candidates it says are most likely to take over after Dominique Strauss-Kahn as managing director of the International Monetary Fund.

According to the newspaper the eight are:

Christine Lagarde, 55 years old and French minister of finance. She is said to be the favourite candidate of Anders Borg, her Swedish peer.

Peer Steinbrück, 64. Previously German minister of finance and currently sitting in the Bundestag as a Social Democrat member of parliament.

Monthek Sing Ahluwalia, 67, is seen as the emerging markets candidate. Currently deputly chair of India’s Planning Commission.

Alex Weber, 54, formerly the top central banker in Germany, who this April pulled himself out of the race for becoming the next head of the European Central Bank. He recently was appointed professor at the Chicago University Booth School of Business.

Angel Gurría 61, who is the Mexian secretary general of the OECD.

Kermal Derviş 62, and former minister of finance in Turkey, and former head of the UNDP. Currently he is a member of a number of research institutes and think-tanks.

Trevor Manuel, 55. The former minister of finance for South Africa was pointed out by the Financial Times as the hottest candidate, along with Gordon Brown, notes Dagens Nyheter.

Tharman Shanmugaratnam, 54 and minister of finance for Singapore. He is the first Asian to lead the IMF International Monetary and Financial Committee.

Letter of resignation

The IMF released Strauss-Kahn’s notice of resignation yesterday, 18 May, in which he said “it is with infinite sadness that I feel compelled today to present to the executive board my resignation.”

Strauss-Kahn remains on remand in New York after being charged with a number of crimes, including an alleged rape.

John Lipsky is acting managing director, but is not one of the names put forward by Dagens Nyheter.

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