France’s tendency to hog the IMF managing directorship is well known. But (as this post by Chris Giles shows) the extent to which it has done so is staggering.
If Christine Lagarde was to complete her five-year term, then French nationals will have served as the Fund’s managing director for 41 years. By 2016, the Fund will be celebrating its 70th birthday, meaning that one out of a total of 187 members would have held the managing directorship for a whopping 59 per cent of the time. Read more