Fin24

Ramos weighs in on IMF debate

2011-05-27 12:31

Johannesburg - Maria Ramos, CEO of Absa Group [JSE:ASA], on Friday weighed in on the succession debate for the top job at the International Monetary Fund (IMF), arguing that the new MD of the global body be chosen on merit rather than nationality.

In a keynote address on the Brics (Brazil, Russia, India, China and South Africa) group of emerging market countries at Wits Business School, Ramos called for the leadership selection process at to be "open and fair".

She came short of explicitly endorsing Trevor Manuel, her husband and planning minister, who has been tipped as a potential candidate for the job, saying she could not comment on the matter.

Dominique Strauss-Kahn, who faces charges of sexual assault, resigned as MD of the IMF on May 18, opening an intense battle over who should succeed him.

Given the global environment and the imperative to reform the IMF and World Bank, Ramos said the two organisations "cannot reserve" the job for a particular country or region. "We don't and shouldn't live in a world like that any more," she said.

Traditionally, the head of the World Bank is chosen from the US and that of the IMF from European countries.

Comments
  • Jan Botha - 2011-05-27 13:30

    My my. She said the two organisations "cannot reserve" the job for a particular country or region. "We don't and shouldn't live in a world like that any more." However, Trevor and Maria is 100% in agreement that it is in order to reserve jobs for a particular race group. It will be newsworthy if Maria Ramos says the following on EE legislation: "We don't and shouldn't live in a world like that any more."

  • Philani - 2011-05-27 14:10

    is IMF an International Monetary Fund or European Monetary Fund? Why EU must make a decision that will affect developing countries but without an input of developing countries? My country South Africa and other developing countries are demanding a reformation of IMF and World Bank. We will use forums such as G20, G77 and BRICS to bring the necessary changes in the IMF and World Bank. Philani@Umlazi

      Roadster Babe - 2011-05-30 08:10

      European countries contribute the most - while you country is a beggar nation

  • Thabs - 2011-05-27 15:06

    i love maria and trevor. why can't they be our president and first lady? flip that would be awesome! *wishful thinking*

  • scud - 2011-05-27 15:22

    Maria actually believes that she knows what she is talking about,but her track record says otherwise.

  • clark - 2011-05-29 18:24

    - Oh please Ramos , who pulled your chain ? 'Open and Fair' Hmmm - you mean just like you handled the the rugby quotas debacle ? You're a phony Ramos with double standards, just like your husband and your Anc party.

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