Jump to Main ContentJump to Primary Navigation

IMF: Fischer too old to be director

    Stanley Fischer
    Stanley Fischer

    The International Monetary Fund has blocked the candidacy of Israeli Stanley Fischer in the race to replace Dominique Strauss-Kahn.

    Mr Fischer, who is 67, had hoped that the organisation would relax rules on its director being no older than 65. But the IMF refused to budge.

    The Zambia-born economist, currently in his second term as governor of Israel's central bank, said he was disappointed but would "proudly" continue his work in Israel.

    He said: "I think that the age restriction is not relevant today.

    "I was hoping that the IMF board of directors would change its regulations, not only for the sake of my candidacy, but also for the sake of future candidates for the position of managing director".

    The IMF told Reuters that the shortlist consisted of the frontrunner, French Finance Minister Christine Lagarde and Agustin Carstens, the Mexican central bank chief.

World

It's Chanucah Song time!

Michael Moran

Thursday, December 1, 2016

It's Chanucah Song time!
World

Trump picks ex-Goldman Sachs banker as Treasury...

JC Reporter

Thursday, December 1, 2016

Trump picks ex-Goldman Sachs banker as Treasury...
World

Theresa May agrees to look into case of British...

Rosa Doherty

Theresa May agrees to look into case of British...
World

Will the Austrian election make Norbert Hofer E...

Sonia Zhuravlyova

Will the Austrian election make Norbert Hofer E...
World

'Neo-Nazi codes' appear in German supermarket a...

Toby Axelrod

Thursday, December 1, 2016

'Neo-Nazi codes' appear in German supermarket a...
World

"This is probably the last election for me" Hol...

Michael Moran

"This is probably the last election for me" Hol...
World

Australian abuse report

Henry Benjamin

Australian abuse report
World

Fire-ravaged Israelis ‘may no longer be married...

Michael Moran

Thursday, December 1, 2016

Fire-ravaged Israelis ‘may no longer be married...
World

Tatiana Navka, wife of Putin’s press secretary,...

Michael Moran

Tatiana Navka, wife of Putin’s press secretary,...