Over 500 social organizations worldwide, including Plataforma CIPÓ, have signed a joint letter addressed to the International Monetary Fund (IMF), requesting an end to the so-called “gentlemen’s agreement” in the appointment of the organization’s managing director. In the document, the signatories advocate for a merit-based, open, and transparent selection process.
The current managing director, Kristalina Georgieva, whose term ends on September 30, is the sole candidate proposed by the member states. Traditionally, European countries nominate the IMF managing director, while the United States selects the World Bank president. In the view of the organizations, this would be an opportunity to reform the selection process, in line with longstanding calls from civil society, especially from the Global South.
The signatories also emphasize the importance of implementing policies and systems that promote gender equality, environmental sustainability, and respect for international human rights, highlighting the urgency of reforms to address current global challenges.
The mobilization aims to ensure a fairer and more equitable representation in the Fund, as well as to promote economic policies that meet the needs of the most vulnerable populations and are aligned with principles of sustainability and social justice.
