Bridging the gap between rich and poor countries should be as high a priority for the International Monetary Fund as helping to solve the world’s financial imbalances, Dominique Strauss Kahn, the probable next managing director of the IMF told the Financial Times.
The former French finance minister, who is on a world tour to win support for his candidacy to head the IMF, said that “going south of the Equator” would matter just as much as going “east to the Pacific” – a reference to deep concerns about the growing trade gap between China and the developed world. Mr Strauss Kahn will fly to Mozambique on Sunday to meet African finance ministers and then over the following two weeks to Mexico, Argentina, South Africa, Brazil, Saudi Arabia, Egypt, China, South Korea, Japan, India and Russia in what he freely described as a “campaign” among the largest developing countries to get the job.
The position opened up unexpectedly last month following the resignation of Rodrigo de Rato, the former Spanish finance minister, for personal reasons.
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