Berlin and Paris Mark Carney, the British Central Bank’s forthcoming president, will be appointed as CEO of the International Monetary Fund (IMF), said Frankfurter Allgemeine Zeitung on Tuesday.
The current CEO of the IMF, French Christine Lagarde, was nominated by the European Council of Heads of State and Government of the European Union to the post of President of the European Central Bank last week. On the same day, Lagarde announced that it would immediately suspend its activity as head of the IMF.
French Finance Minister Bruno Le Maire spoke at the end of last week that European finance ministers should find a European compromise candidate for the IMF. Carney was born and raised in Canada, but also has British and Irish citizenship. According to FAZ, Berlin and Paris have long agreed to support their appointment.
The Washington-based IMF chief executive is traditionally European, while he manages his sister institution the World Bank. The 54-year-old Carney’s mandate at the Bank of England will end next January.