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IMF and the overwhelming France dominance

There was never a formal binding documents agreeing to the terms and conditions placing the office of the Director General of the International monetary fund's office in the hands of the Europeans. It never really was. The policy is a long standing "gentlemen’s agreement" under which the IMF managing director is a European and the World Bank president is an American. Although, voting is based on 'quotas' which has given larger rooms to larger economies such as the US and western Europe. France also continued their dominance when Christine emerged the 11th director general of international monetary fund, becoming the 5th director general France has produced since the inception of IMF Madame Christine Lagarde, from France. Mr. Dominique Strauss-Kahn, from France. Mr. Rodrigo de Rato, from Spain. Mr. Horst Köhler, from Germany. Michel Camdessus, from France. Jacques de Larosière, from France. H. Johannes Witteveen, from the Netherlands. Pierre-Paul Schweitzer, from France. Per Jacobsson, from Sweden. Ivar Rooth, from Sweden. Camille Gutt, from Belgium.

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