#47 Dominique Strauss-Kahn
Managing Director
International Monetary Fund
France
Age: 60
French economist, politician is head of International Monetary Fund, global financial organization with stated purpose of promoting economic stability. With odd historical exceptions (Cuba, Andorra), nearly every nation on Earth is a member; emergency assistance and loans are provided to countries experiencing severe financial crises. Special Drawing Rights (SDRs), the IMF's currency, originally used to settle large gold-denominated transactions between nations; still used by global postal system, some telecom carriers. China, looking to reduce risk from large U.S. dollar holdings, recently proposed making SDRs a worldwide reserve currency. Organization did well at April's G-20 summit in London: Cash reserve increased to $500 billion, SDRs to $250 billion.
No comments:
Post a Comment