March 6, 2021

The Portuguese Mário Centeno resigns to lead the IMF


The Minister of Finance of Portugal and president of the Eurogroup, Mário Rye, has announced that it will not be a candidate to lead the International Monetary Fund (IMF).

“In finding a candidate to lead the IMF, as in other EU decisions, we must fight for a common position. I want to help find that consensus and, therefore, I will not participate in this stage of the process», Centeno has written on his official Twitter profile, alluding to the vote this Friday.

The Portuguese has added that it remains «available to work towards a solution that is acceptable to all».

Rye was one of the names that were handled on the list from which a single candidate from the European Union should leave to lead the international organization, which also includes the Spanish Minister of Economy in functions, Nadia Calviño.

The Dutch former president of the Eurogroup also aspires to office Jeroen Dijsselbloem; the governor of the Finnish central bank, Olli Rehn; and the executive director of the World Bank, the Bulgarian Kristalina Georgieva.

In addition, the French Government, which coordinates the work for the community club to present an applicant, on Thursday gave the British the possibility of presenting an applicant for the position.

EU finance ministers will vote on Friday to elect their candidate and find a substitute for France's Christine Lagarde, who leaves office to preside over the European Central Bank (ECB) after Mario Draghi's departure.

. (tagsToTranslate) rye

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