2023-12-04 16:20:00
Hoy 13:20
the Irish Paschal Donohoewhose leadership of eurozone finance ministers has raised its global profile, is considering a bid to head the International Monetary Fundaccording to people familiar with the matter.
Donohoe, 49, He currently serves as Ireland’s Minister for Public Expenditure and was Minister of Finance from 2017 to 2022. He has directed the Eurogroup —the body of finance chiefs that led the bloc through its sovereign debt crisis and the pandemic—since mid-2020, being elected late last year for a second period of two and a half years.
The current mandate of the managing director of the IMF, Kristalina Georgievaconcludes in September 2024, but the selection can be outlined months in advance. Your support from the United Statesthe largest voting member of the Fund, staggered following the accusations made in 2021 that there was unduly influenced a World Bank ranking on the business climate in China.
Although no candidate has yet been presented for the IMF position, the sources cited stated that Donohoe is holding preliminary talks on the matter. They requested anonymity so they might talk regarding conversations that are private.
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A Donohoe spokeswoman said: “He is fully focused on his current work and responsibilities in Ireland and the Eurogroup and committed to fulfilling his full mandate.” He will also be a candidate in the next Irish elections.”
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Georgieva has not yet publicly declared whether she intends to run for a second term. An IMF spokesman said Georgieva’s attention “focuses on helping IMF members to face the pressing economic challenges facing the world”.
Donohoe has built a reputation as a consensus-builder, well-liked and respected by all parties, both in your country and in Brussels. These traits helped him stay at the helm of the Eurogroup even as his move to budget minister would have given his EU counterparts a chance to find a new leader.
Translated by Paulina Munita.
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