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 the IMF when it was created?

Who traditionally holds the position of the IMF managing director?

How many years has the IMF been in existence, and how many of those years have been under a French managing director?

What challenges might arise from Italy and Poland fielding competitors for the IMF managing director position?

What impact would sending Dominique Strauss Kahn to Washington have on the Socialist Party?