(Photo courtesy of the New York Times)One of the best parts about going to a school that's right in the middle of DC is that you are surrounded by all kinds of governmental and other influential buildings. Although the International Monetary Fund isn't technically on campus - it's only a block from 2000 Penn - and definitely worthy of being considered semi-"campus news."
Dominique Strauss-Kahn, the new IMF director will take is office on November 1st. He is a French Socialist and among other things, he is one of France's most reputed economists as the former French Minister of Economics.
He was appointed director last month and his candidature was initially proposed by French President, Nicolas Sarkozy. The U.S., China and most African countries supported Strauss-Kahn for the position as well. The biggest complaint - coming from some emerging countries as well as The Financial Times - is that a European is always appointed as head of the IMF and that leaders of other continents are always left out.
Strauss-Kahn will be president of the IMF for five years. One of his core priorities is to make sure that each country is properly represented and has equal input. "Africa, Asia and Latin American are not sufficiently represented in the IMF," and Strauss-Kahn says he wants that to change.
- Claire Bauchart
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