USA calls for open process to select IMF chief

Washington, May 21: The US on May 20 called for an open process for selection of the IMF chief so as to find a quick replacement of Dominique Strauss-Kahn, who resigned from the post after being arrested in New York on rape charges.

"It is important that this be an open process and one that moves quickly to select new leadership for the IMF," Treasury Secretary Timothy Geithner said in a statement.

The US, he said, is prepared to support a candidate with the requisite, deep experience and leadership qualities, and who can command broad support among the Fund's membership.

"We are consulting broadly with the Fund's shareholders from emerging markets, as well as advanced economies," Geithner said.

PTI