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[June 12, 2011]

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[June 12, 2011]

12/06/2011 5:14 pm
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Lord Myners, the former M&S chairman who spent 18 months in government when Mr Brown was in Downing Street, told BBC Radio Four's World at One: "There are a number of people who have said that they don't think the time is right for Gordon to put his name forward and I tend to agree that that's right... because I think it should be someone non-European."

He also said: "The best candidate should be appointed regardless of where they come from... There's no shortage of candidates from outside Europe."

A source close to Mr Brown said aides were "not running a campaign" for the IMF job.

But BBC political correspondent Jo Coburn said he had apparently spent a large part of the day taking calls from around the world from international figures offering their support.

One of the priorities for the next IMF managing director will be to deal with Greece's debt crisis and the wider problems within the eurozone.

Lib Dem Business Secretary Vince Cable said he did not want to comment on Mr Brown's chances, but told the BBC: "I think promoting national champions, whoever they are, probably isn't the best way of dealing with this.

"The IMF is dealing with a major economic crisis in Europe. They need somebody very effective and respected.

"Particularly somebody who understands the internal problems of the eurozone. That is probably where the new head of the IMF will come from.

"If it doesn't, someone from the eastern Asian countries who has had a very successful record in economic management."

Other names thought to be in the frame for the IMF job include Singapore's finance minister Tharman Shanmugaratnam, former South African finance minister Trevor Manuel and Kemal Dervis and Turkey's former minister of economic affairs.

The highest-profile potential candidate for the job is France's finance minister, Christine Lagarde.


12/06/2011 4:25 pm
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