New York: Deputy Chairman of Planning Commission Montek Singh Ahluwalia figures among the probables to succeed Dominique Strauss-Kahn as the next chief of International Monetary Fund (IMF), a report has said.
Noting that the clout and role of the international lender has increased substantially in the emerging markets, the New York Times reported that someone from the developing world was likely to succeed IMF Managing Director Dominique Strauss-Kahn.
“Whatever he (Strauss-Kahn) decides, his successor is likely to be someone from the developing world. Frequently mentioned names include Mohamed A El-Erian, the American-born son of an Egyptian diplomat and an economist who leads the giant bond investor Pimco; Montek Singh Ahluwalia, a senior Indian planning official; and Arminio Fraga and Guillermo Ortiz, former heads of the central banks of Brazil and Mexico respectively,” the daily said. In his illustrious career, Mr. Ahluwalia has also served at the IMF and its sister institution, the World Bank, India's Finance Secretary and Commerce Secretary, among others, the report said. — PTI
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