Europe searching for new IMF chief

The IMF, headquartered in Washington, was established post-WWII alongside the World Bank to stabilize the global economy. Traditionally led by Europeans, often French, the IMF lends money to governments with strict economic conditions. Dominique Strauss Kahn, a former French finance minister, is a candidate to replace the outgoing director, needing approval from European leaders and the IMF Executive Board. His candidacy, supported by French President Nicolas Sarkozy, could impact French politics by sidelining a potential presidential rival.

What was the primary purpose of establishing the IMF after World War II?

• To promote global trade

• To stabilize the global economy

• To provide military aid

• To support technological advancements

What is a condition for governments to receive loans from the IMF?

• Reducing military spending

• Increasing exports

• Improving technological infrastructure

• Implementing strict economic policies

Which nationality has most frequently held the position of IMF managing director?

• French

• British

• German

• American

Who is the candidate proposed by Paris to replace the outgoing IMF managing director?

• Nicolas Sarkozy

• Dominique Strauss Kahn

• Rodrigo Rato

• Angela Merkel

What could be a political consequence if Sarkozy supports Strauss Kahn's candidacy?

• Strengthening the Socialist Party

• Weakening the Socialist Party

• Increasing France's military power

• Improving France's technological sector