India, China, Brazil, and other developing economies could lobby to have one of their own at the top of the IMF. Several names have emerged as possibilities:
Trevor Manuel, South Africa’s former finance minister and current planning minister, is one name floating around, put forward by South Africa’s current finance minister. South Africa is one of the so-called BRICS – Brazil, Russia, India, China, and South Africa – displaying burgeoning economic growth.
Time Magazine called out Indian Montek Singh Ahluwalia, an economic adviser to the Indian prime minister and the former head of the IMF’s independent evaluation office. As chairman of the country’s planning commission, he played a key role in India’s current economic growth.
Singapore Finance Minister Tharman Shanmugaratnam has extensive experience in Singapore’s monetary authority, central bank, and financial regulator, and is head of the IMF’s International Monetary and Financial Committee. But he was recently appointed deputy prime minister of Singapore and has dismissed talk of being a candidate for the top IMF position.
