March 9, 2021

The Government withdraws Calviño from the race to preside over the IMF

The Spanish Government has announced the withdrawal of the candidacy of the Minister of Economy, Nadia Calviño, to the direction of the International Monetary Fund (IMF).

Executive sources have explained that this decision has been taken to favor a European agreement that allows a common candidate to be presented.

"The Government is committed to achieving a European agreement, without the Minister of Economy Nadia Calviño participating in the next phase ", have assured the sources.

"The Government of Pedro Sánchez will continue working to promote the governance of international organizations and considers it an honor that any of its members can be considered, now and in the future, as a guarantee at the highest level for its operation," they added.

After the withdrawal yesterday of the Minister of Finance of Portugal and President of the Eurogroup, Mário Centeno, there are only three candidates left: the former Dutch president of the Eurogroup Jeroen Dijsselbloem; the governor of the Finnish central bank, Olli Rehn, and the executive director of the World Bank, the Bulgarian Kristalina Georgieva.

France is coordinating the work for the EU to present a consensus candidate, although in recent days the agreement has not been possible, which has led to the organization this Friday of a vote among member countries.

The winner must obtain a qualified majority, which requires the support of 55% of the Member States (16 of the current 28) representing at least 65% of the total population of the EU.

. (tagsToTranslate)

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