We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Who should be the next managing director of International Monetary Found - Assignment Example


Extract of sample
Who should be the next managing director of International Monetary Found

The international monetary fund was formed in July 1944 and it only had forty five members. It came to existence in 1945 December after twenty nine countries signed the document of agreement. Following the resignation of the previous International Monetary Fund Managing Director, Dominique Strauss-Kahn, there is need for the executive board of the agency to appoint a new managing director of the organization. The executive board has to consider individual for this post in considering the role of the organization. When Strauss-Kahn was elected in 2007, the executive board came up with criteria that a candidate should meet in order to be considered for selection. Based on the activities and functioning of the organization, one of the qualifications is that the candidate should be a citizen in one of the one hundred and eighty seven member states of the organization. He or she should have taken part in high levels of implementation of a policy and have an outstanding professional record. These records should proof the candidates trustworthy as a leader as the candidates abilities. The interested candidate should possess excellent managerial and diplomatic skills. It is these skills that demonstrate the abilities of the individual to take responsibilities of the organization at all levels. Another qualification is that the candidate should be able to offer strategic vision that’s guides the duties of the agency teams. He/she should posses the ability to build consensus based on the agency’s

Check these samples - they also fit your topic

Monetary policy
Moral hazard occurs when borrowers are actually tempted to engage in activities that are undesirable for the lender while adverse selection takes place before any transaction occurs whereby the borrowers are most likely to produce negative outcome for the lender who is most likely seeking loans and are most likely to be chosen for the loans requested for (Haan & Eijffinger, 2005).
10 pages (2500 words)Assignment
Next Shop Assignment
Core Values Next’s core values rest on doing business in an ethical manner – taking care of their employees; maintaining healthy relationships with their suppliers; and delivering value to their customers. At the same time, the company remains fully responsible towards its impact on environment.
7 pages (1750 words)Assignment
International Marketing Management
The youth of Pakistan is always willing to try new items that come in the market. They are fond of eating ice cream and ice cream desserts. Launching such an item in this market would be really beneficial for the organization. Consumers in Pakistan are familiar with ice cream products and always wishes to have a new and different flavour (Pakistan, 2006).
12 pages (3000 words)Assignment
Monetary policy
The Fed tightens or eases its financial conditions by raising or lowering short-term interest rates. The Fed’s ability to pay interest on bank reserves helps in putting upward pressure on market interest
2 pages (500 words)Assignment
International Monetary Economy
This shows that the Australian consumers and the American consumers have an equal PPP with their respective currencies. The exchange rate between Australia and America will be stable (Tanzi and Gupta 141). PPP exchange rate of U.S and Canada is 1. The
3 pages (750 words)Assignment
The International Implications of Competitive Monetary Expansion and Currency Devaluation
Considering the crisis at hand, few recommendations can be suggested for the government of India in order to improve its position in long run, if the
10 pages (2500 words)Assignment
The philosopher views language as relative and perceive words as means of connoting a given meaning. This means that the presence of meaning precedes the existence of words.
10 pages (2500 words)Assignment
1. Managing International Recruitment. 2. Succession Planning
In this paper, the organizational methods are discussed as per Sparrow (2007) and the best strategy to fit in my organization. Also, current trends and policies in international recruitment are
3 pages (750 words)Assignment
Role of a director in a play
Rush and Lowe state that The Price has been successfully revived by various directors several times since its original production on the Broadway directed by
3 pages (750 words)Assignment
Question 1: Monetary Policy Question 2. International Finance and the Exchange Rate
Interest rates rely on a person’s time preference meaning how individuals value a pound in the future in relation to today. People who have high preferences put more attention on the present and value assets today much higher compared to the future, whereas people with low
5 pages (1250 words)Assignment
policies and objectives. The prospective candidate should demonstrate his responsibility in driving the daily tasks carried out by the International monetary fund. The candidate should be constantly available individual so as to participate in all meetings of the urgency take decisions of the board and report them to the agency of the staff for preparation. For the candidate to demonstrate this qualification he/she should possess excellent records from their previous work environment. Given the role of the International monetary fund in managing the international financial system, the candidate should possess excellent skills in financial management and the records should also proof this according to Masson and Mussa (12). This is because the global financial system is the major area of focus of the agency. It is also important for the candidate to demonstrate knowledge of global development and underdevelopment. This is due to the fact that the agency is responsible for helping in the development of poor countries. The International Monetary Fund is a lender of last resort for those nations experiencing financial constraints so the prospective candidate should be able and posses the courage in advising the developing countries on the reforms that they should take in the financial system. For instance, the IMF managing director was accused of accentuating Asia’s economic crisis and also in Russia after he gave irrelevant advice. The same managing director has also repeated such a mistake in his capacity as the global Advisor while advising on the crisis of Euro area. In order to avoid such miscalculations while selecting the relevant individual for the post, the Executive board needs to be transparent in their selection criteria. The elected candidate is normally given a mandate to manage the organization for five years before new elections are held. Currently there are two main candidates who are likely to take up the post of the IMF managing director. These include Augustine Cartens who is Mexico’
Cite this document
  • APA
  • MLA
(“Who should be the next managing director of International Monetary Assignment”, n.d.)
Retrieved from https://studentshare.org/management/1423769-who-should-be-the-next-managing-director-of
(Who Should Be the Next Managing Director of International Monetary Assignment)
“Who Should Be the Next Managing Director of International Monetary Assignment”, n.d. https://studentshare.org/management/1423769-who-should-be-the-next-managing-director-of.
  • Cited: 0 times


The International Monetary Fund is referred to as an intergovernmental organization with the aim of overseeing the global financial system. In doing so the IMF follows the macroeconomic policies those countries registered with it particularly those countries which have an effect to the exchange rate as well as the balance of payments…
Who should be the next managing director of International Monetary Found
Read TextPreview
Comments (0)
Click to create a comment or rate a document
Let us find you another Assignment on topic Who should be the next managing director of International Monetary Found for FREE!
Contact us:
Contact Us Now
FREE Mobile Apps:
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us