Leader for the top IMF post

Leader for the top IMF post.

This refers to your editorial' Picking leaders for the top IMF post (April,20, 2011). As rightly highlighted, merit not gegraphy should be the criteria to identify the right candidate to occupy the top IMF post. The world economic scenario is changing fast and some of the developing economies have been emerging as leaders capable of giving direction to the world economy, The role of IMF has to be proactive and it shouuld ensure that all economies perform well and generate the strength to withstand future shocks.
The financial crisis of 2008 has shattered many economies and the recovery cannot be stated to be evenly spread or well shared. The person who fills up the top post in IMF should be a visionary and view the problems of all economies whether developed or developing alike and find solution acceptable to all without jeoparadising the interest of any of the IMF members. The approach of the IMF should be to ensure that no economy sufffers from poverty, unemployment, illiteracy and lack of development. The balance of payment crisis, trade barriers, exchange rate adjustments, movement of funds between different economies etc need to be closely monitored by the IMF and the members have to extend full cooperation to IMF to ensure that the problems if any in any economy should not unduly affect other economies. This is possible only if the top person of the IMF views the whole world as one economy and gets the support from all the different economies.

This letter was sent to Financial Times