Shortlist for IMF top job has been reduced – Mark Carney

The shortlist of European candidates to lead the International Monetary Fund has been reduced to a handful of names – but Mark Carney has not made the final cut. The Bank of England governor had been cited as a contender to take over from Christine Lagarde, who stands down as the fund’s managing director in September to move to the European Central Bank. Despite being a previous bookies’ favourite, Carney is not on a shortlist drawn up by France’s finance minister, Bruno Le Maire, who is organising the process of selecting Europe’s candidate. European countries will face a choice from a list that includes Jeroen Dijsselbloem, the former Dutch finance minister; Bulgaria’s Kristalina Georgieva, number two at the World Bank; Olli Rehn, the head of Finland’s central bank; Portugal’s Mario Cénteno, chair of the Eurogroup of finance ministers; and Spain’s finance minister, Nadia Calviño. The French finance ministry on Monday denied reports that Cénteno and Calviño had been cut from the shortlist. Despite reports that George Osborne was interested in the job, one European diplomat said the former UK chancellor and current editor of the Evening Standard had “never been a candidate”. By longstanding agreement, Europe chooses the head of [...]

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