The next head of the International Monetary Fund (IMF) will have to deal with trade wars, currency manipulation and new digital currencies, a strategist told CNBC Monday.
will have to deal with trade wars, currency manipulation and new digital currencies, a strategist told CNBC Monday.
Mouhammed Choukeir, chief Investment officer at Kleinwort Hambros told CNBC's "Squawk Box Europe" that history has shown the selection process is "very political." Back in 2011, when Christine Lagarde was appointed to lead the IMF, there were two main topics to deal with: rebuilding the reputation of the IMF after a scandal involving its previous chief and supporting the euro zone during the sovereign debt crisis. Now, the global landscape is arguably more complex than eight years ago.
In this context, the 28 European countries have put together a shortlist of candidates on Friday, after a first round of discussions. The five shortlisted names are:Mario Centeno, the Portuguese finance minister and currently Eurogroup chief.Olli Rehn, central bank governor of Finland and former European commissioner for the euro.
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