New IMF chief should be from developing world
Islamabad: May 20]
The Pakistan Economy Watch (PEW) on Friday said new managing director of International Monetary Fund (IMF) should be from the developing world.
This most important international institution has been facing credibility issues due selection of politicians to run the show, it said.
The new MD should not be a politician as there are many widely respected technocrats and governors of the central banks who would serve without political considerations, said Dr. Murtaza Mughal, President, PEW.
The process of selection of new MD should be transparent with all stakeholders on board as decisions taken behind closed doors are seldom welcomed; he said adding that international community should be taken on board, as whole world is a stakeholder in this critical issue.
Many MDs of IMF have been blamed for taking decisions based on desire for popularity and pleasing electorate that has jeopardised development process in many countries, he said.
Such a mindset must be changed as it has not helped reduce poverty in the world, Dr. Murtaza Mughal demanded.
Failure of IMF at various occasions should serve as be a revelation for those who pick candidate silently, he said.
World doesn't need a IMF's chief who prefer popularity over merit and his future political considerations keep him busy.
The concept of a European leading IMF and an American ruling World Bank needs to be altered as some Asian countries have also emerged on the global economic scene that cannot be ignored anymore.
Majority of European leaders want to keep it that way which can force emerging economies to think for alternatives whom demands for greater representation at the IMF have been falling on deaf ears, said Dr. Mughal.
--
Dr. Murtaza Mughal
Cell: 0321-5157671
President Pakistan Economy Watch
I. If you want to receive individual emails
II. Receive one mail with all activity in it
III. Do not want to receive any mail at all
Regards,
Tariq Khattak, Group Manager,
GSM = 0300-9599007 and 0333-9599007
+92-300-9599007 and +92-333-9599007
Tariqgulkhattak@gmail.com
Tariqgulkhattak@hotmail.com
REQUESTS:
1)Please directly contact sender for personal/individual correspondence.
2)Try to discuss issues that will catch attention of many readers.
3)Please avoid sending messages in any language other than English
4)Avoid sending messages addressed to many recipients.
5)Do not send messages aimed at personal publicity.
6)Please do not send personal/other links unless necessary.
7)The Group is not obliged to publish printed news,
very short/long comments and objectionable material.
8)Every mail cannot be published; it will overload Mailboxes
of our valued members.
9)Try to Disagree Without Being Disagreeable, Unsympathetic and/or Unpleasant.
x==x==x==x==x==x
Please note that,
It is a common platform for journalists and all others who are interested in knowing about the issues that are sometimes not reported. This group favours philosophy of progress, reform and the protection of civil liberties. Please share and educate others. The owners and managers of this site do not necessarily agree with any of the information. It is an open forum; everyone is allowed to share anything. Mails sent by members and non-members are subject to approval. However, we are not responsible in any way for the contents of mails / opinion sent by members. We do not guarantee that the information will be completely accurate. (Nor can print and electronic media). If you find content on this site which you feel is inappropriate or inaccurate, incomplete, or useless you are most welcome to report it or contradict it.
Thanks a lot.
0 comments:
Post a Comment
Gujranwalafun@Aol.com
Gujranwala@windiowslive.com