IMF Contest: Rich Nations Don't Want to Give up Power, says PM


From V Mohan Narayan

New Delhi, May 29 (PTI) Amid tussle for the top slot in the IMF, Prime Minister Manmohan Singh has hoped that a consensus would emerge which is generally acceptable.

Singh noted that the struggle for an "equitable" world order will take long as rich nations do not want to give up power easily.

"... those who exercise power, do not want to give up power easily," he said on the possible candidates for the post of the International Monetary Fund (IMF) Managing Director, which fell vacant following resignation of disgraced Dominique Strauss-Kahn.

"The struggle for a better, balanced and more equitable world order, including the management of global institutions like the IMF, World Bank, (UN) Security Council is going to be a long haul, I am afraid," he told reporters on Saturday night who accompanied him on his visit to Africa.

  

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Title: IMF Contest: Rich Nations Don't Want to Give up Power, says PM



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