This is election year for many countries around the world. At the International Monetary Fund, there now should also be a democratic and open process to select a new managing director after the last one suddenly left. But to the dismay of many, the new chief will likely emerge from back-room deals of rich countries.
DEMOCRACY has emerged as a critical issue at the International Monetary Fund as it has to choose a new leader. Whether he or she will be chosen democratically or through “backroom deals” is now a major controversy.
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