Tuesday, April 19, 2011

Cameron, said Brown could not be "more appropriate" head of the IMF

April 19, 2011, 4: 24 pm EDT by Thomas Penny and Simon Kennedy

(Adds background on IMF and Brown from third paragraph).

April 19 (Bloomberg) - U .k. Prime Minister David Cameron has said that his predecessor, Gordon Brown, could not be the "most appropriate" person at the head of the Fund currency International, because the work has need of someone who "understands the danger of excessive debt. "It is important, that the IMF is managed by a very competent person and capable, Cameron said in an interview with the"Today"programme BBC Radio 4 in London this morning. "If you have someone who didn't think that we had a problem of the debt to the United Kingdom when we clearly have a debt problem, it may not be the person most appropriate to determine whether the other countries of the world have problems of debt and the deficit."While the term of current of the IMF Director General Dominique Strauss - Kahn doesn't stop not until October 2012, policies of opinion polls show strong support for him in his native France of the approach of the presidential election next year. If it decides to execute him, he would need to declare in July, the deadline for the shortlist of his Socialist Party. Strauss-Kahn declined to comment on his plans in the last week of the semi-annual meetings of the IMF.Cameron took office last year after a campaign in which his conservative party questioned Brown of the U.K. economy stewardship after he oversaw the deepest recession since World War II and the budget deficit grow to a record. Brown, who was in Washington at meetings of the IMF, accuses the world financial crisis and his party has criticized the Cameron Government to cut the deficit too quickly.Cameron reported that it could contribute to break the tradition of a European of the IMF in exchange for an American block World Bank running. This approach was endorsed in interviews in Washington the week last of the Group of 24 developing countries. "It might be time for a candidate from another part of the world," given the rise of the India and China, said Cameron. " "It may be that in reality when you think that the IMF should be listened to and taken seriously by the countries in the West, but everywhere in the world."

-Editors: Eddie Buckle, Fergal O'Brien

To contact the reporters on this story: Thomas Penny in London at tpenny@bloomberg.net. Simon Kennedy at the skennedy4@bloomberg.net London

To contact the editor responsible for this story: James Hertling at jhertling@bloomberg.net


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