March 8, 2021

The 28 vote this Friday for the European IMF candidate with Nadia Calvio on the list – La Provincia

The ministers of Economy and Finance of theEuropean Unionwill vote this Friday theEuropean candidate electionthat would choose to happen toChristine Lagardein front of theInternational Monetary Fund(IMF) in the absence of consensus to elect one of the five candidates in liza, including the acting Minister of Economy,Nadia Calviño.

"There will be a vote tomorrow morning (this Friday) by qualified majority," an EU source told Europa Press.

TheEconomy ministers of the European Union have held a teleconference Thursdayto address precisely the option of forcing a vote to elect the European IMF candidate in the absence of consensus on any of the five candidates on the table.

In addition to the acting minister Calviño, they also aspire as well as the former president of the Eurogroup Jeroen Dijsselbloem, the CEO of the World Bank, Kristalina Georgieva, and the governor of the Finnish Central Bank, Olli Rehn.

At the end of this Thursday, the current president of the Eurogroup, the Portuguese Mario Centeno, one of the five candidates in Liza, has reported in a message on Twitter that he was resigning from running.

"To choose a candidate to lead the IMF, as in other important EU decisions we must look for the points in common. I want to help seek consensus, so I will not participate in this stage of the process (the vote tomorrow)", has announced. In any case, Centeno has stressed that it is "available" to work towards "a solution that is acceptable to all."

Germany was not a priori supporter of a vote to avoid an image of division, but the French Finance Minister Bruno Le Maire, responsible for coordinating negotiations within the EU with the aim of forging a European consensus candidacy that maintains the IMF leadership under European government, has "convinced" its European counterparts of the need to force a vote in the absence of consensus on a candidate to avoid prolonging the discussions, something that has been accepted unanimously, according to various sources diplomatic

The French minister has proposed to submit the election of the European candidate to the IMF after the five candidates on the table, for now, "have expressed their desire to keep their candidacy," according to a source from the French Ministry of Finance.

"All these applications have been judged legitimate and of excellent quality," said the source gala.

Likewise, diplomatic sources have confirmed to Europa Press that finally the United Kingdom has not presented a candidate after the end of the extra period requested by the Boris Johnson Government at eight in the afternoon.

Former UK finance minister George Osborne had shown interest in the position, according to the British press, although the governor of the Bank of England, Mark Carney, had sounded like a natural candidate.

Depending on the result of this Friday's vote and if any country decides to withdraw its candidates, pI hated to have a second and third round of voting, explained an EU source.

A priori it seems that the former president of the EurogroupJeroen Dijsselbloem,and the governor of the Finnish Central Bank,Olli Rehn, would leave as favorites, although diplomatic sources assure that "it is difficult" to anticipate it because the support with which one and the other candidate counts "is more fragmented" than one thinks and there is no "a north / south division" purely.

Although Calviño is still in the race, several diplomatic sources point out to Europa Press that his "lesser" experience in front of the rest of the candidates on the table makes it "more difficult to compete" and also argue that Spain has achieved the position of vice president of the European Commission and High Representative for the Common Foreign and Security Policy of the EU for Josep Borrell, in the distribution of senior positions in the EU.

Other sources ensure thatCalviño "is respected" but "has no experience in crisis management"and the Government ofPedro Sanchez"is in operation".

"France is pushing in favor of Georgieva," diplomatic sources have explained to Europa Press, who remind that in order to elect the current CEO of the World Bank, the rules of procedure would have to be changed, since the current ones prohibit the appointment of director IMF manager for any candidate with 65 years of age, something that the Bulgarian economist will meet on August 13 and who plays against him.

For his part, Jeroen Dijsselbloem, former Dutch Minister of Finance and former president of the Eurogroup, who was heavily criticized by Spain and Portugal for accusing the countries of the South of spending money on "alcohol and women" while still president of the Eurogroup, has The support of Germany and the Netherlands has confirmed to Europa Press diplomatic sources.

Other diplomatic sources say that between Rehn, who has the support of the Nordic countries, and Dijsselbloem, the Dutchman "is being seen more as a bridge to the south."

The deadline for submitting nominations for IMF Managing Director began on Monday and will end on September 6.The IMF expects to complete the selection process by October 4.

The 24 members of the IMF executive board have the power to nominate candidates, as do the governors, who represent each of the institution's member countries.

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