The managing director of the I.M.F. ... has always been a European... this is code for saying they will pick someone from an emerging-market country, such as India or Brazil...
To make matters more interesting, the I.M.F.’s managing director is expected by insiders to resign within a year, to resume his (promising) pursuit of the French presidency.
How did the Obama administration pull this off....by volunteering to open up the selection process for the World Bank...which has always been run by an American. The next president of the World Bank is very likely to be Chinese.
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