The next managing director of the International Monetary Fund (IMF) is likely to come from outside Europe when current leader Christine Lagarde eventually leaves, the deputy head of the Washington-based fund said in an interview broadcast on Saturday.
IMF First Deputy Managing Director David Lipton told the BBC World Service the tradition by which a European heads the fund while an American leads the World Bank was coming under pressure and the next appointment would be “strictly merit-based”. Mr. Lipton said Ms. Lagarde’s successor would probably come from a non-European country.
Ms. Lagarde’s five-year term comes to an end next year but she was quoted last month as saying she would consider a second term if she had the support of the IMF’s members.
