Russia nominates former Czech central banker for top IMF job

Russia confirmed Wednesday its nomination of Josef Tosovsky, the Czech Republic's former caretaker prime minister and central banker, for the top post at the International Monetary Fund (IMF), reports said.

Russia nominates former Czech central banker for top IMF job
Russia confirmed Wednesday its nomination of Josef Tosovsky, the Czech Republic's former caretaker prime minister and central banker, for the top post at the International Monetary Fund (IMF), reports said.

"We believe Mr Tosovsky will be the right man in the right place," the Russian Finance Ministry said in a statement.

The Czech banker, who currently chairs the Basel-based Financial Stability Institute, accepted the nomination, Hospodarske Noviny daily reported.

"I am honoured to be considered for the top post at the IMF," he said in a statement.

According to reports, Russia's nomination is aimed at breaking the long-standing Western European monopoly in the IMF's top job.

The European Union nominated former French finance minister Dominique Strauss-Kahn for the post.

Russia's move is also seen by some as an attempt to divide the European Union, the Czech press reported.

The Czech government is likely to keep ranks with the European Union and not support the Russian bid, Czech government officials said.

Tosovsky, 56, a former communist party member, entered the then Czechoslovak banking industry in the 1970s.

He served as the top Czech central banker from 1993 to 1997 and from 1998 to 2000.

He left the Czech central bank for several months in late 1997 when former president Vaclav Havel made him a caretaker premier to lead the country through a political crisis.

Earlier this year, the Czech press reported on Tosovsky's alleged cooperation with the communist-era secret police. Tosovsky rejected the claims.

The IMF's top post has been open since July when Spaniard Rodrigo Rato stepped down.

DPA
Last Mod: 22 Ağustos 2007, 17:21
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