Economics
Strauss-Kahn Case Bolsters Push for Change in IMF Selection
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The arrest of International Monetary Fund Managing Director Dominique Strauss-Kahn may bolster a drive by Brazil and other emerging markets for a greater voice in the selection of the IMF and World Bank chiefs.
Strauss-Kahn, 62, was charged with attempted rape in New York, and his lawyer said he would plead not guilty. The former French finance minister was chosen in 2007 to a five-year IMF term in keeping with an informal agreement dating to the end of World War II, under which a European heads the Washington-based fund while an American leads the World Bank.