20 May 2011 13:14

Dvorkovich: new IMF chief will most likely be European, but compromise figure is possible

ST. PETERSBURG. May 20 (Interfax) - A European will most likely be named to head the International Monetary Fund (IMF), but a representative from an emerging economy is also a possibility, Russian presidential aide Arkady Dvorkovich said.

"Definitely, there is a chance of that," Dvorkovich told journalists on the sidelines of a legal forum in St. Petersburg on Friday, commenting on the possibility a representative of an emerging market might be named to the post.

"Given the current disposition of forces and votes at the IMF, the European countries have a better chance," he said.

"But other, compromise options are a possibility," he said.

The head of the National Bank of Kazakhstan, Grigori Marchenko, has been nominated for the post as the unified candidate from the CIS.