Fischer given 16/1 odds to become next IMF chief

Fischer served as MIT economics head, IMF first deputy managing director, vice chairman of Citigroup before becoming BoI head.

By NADAV SHEMER
May 19, 2011 23:31
1 minute read.
Bank of Israel Governor Stanley Fischer

stanley fischer 311. (photo credit: Courtesy)

 
X

Dear Reader,
As you can imagine, more people are reading The Jerusalem Post than ever before. Nevertheless, traditional business models are no longer sustainable and high-quality publications, like ours, are being forced to look for new ways to keep going. Unlike many other news organizations, we have not put up a paywall. We want to keep our journalism open and accessible and be able to keep providing you with news and analyses from the frontlines of Israel, the Middle East and the Jewish World.

As one of our loyal readers, we ask you to be our partner.

For $5 a month you will receive access to the following:

  • A user uxperience almost completely free of ads
  • Access to our Premium Section and our monthly magazine to learn Hebrew, Ivrit
  • Content from the award-winning Jerusalem Repor
  • A brand new ePaper featuring the daily newspaper as it appears in print in Israel

Help us grow and continue telling Israel’s story to the world.

Thank you,

Ronit Hasin-Hochman, CEO, Jerusalem Post Group
Yaakov Katz, Editor-in-Chief

UPGRADE YOUR JPOST EXPERIENCE FOR 5$ PER MONTH Show me later Don't show it again

Bank of Israel Governor Stanley Fischer is a 16-to-one long shot to become the next managing director of the International Monetary Fund, after Dominique Strauss- Kahn resigned from the position Thursday to concentrate on battling sexual-assault charges in New York.

Fischer, who has not commented on speculation that he could be considered for the job, is one of 16 possible candidates listed by British bookmaker William Hill, although his odds are well behind those of French Finance Minister Christine Lagarde (6/4) and former Turkish finance minister Kemal Dervis (5/2). Other big names on the list include recently retired German Bundesbank president Axel Weber (7/1), former British prime minister Gordon Brown (8/1) and IMF acting managing director John Lipsky (10/1).


Born in Northern Rhodesia (now Zambia), Fischer, 67, has a strong reputation in the world of economics. A former head of the Massachusetts Institute of Technology’s economics department, he went on to serve as the IMF’s first deputy managing director from 1994 to 2001, before becoming vice chairman of Citigroup in 2002 and eventually Bank of Israel governor in 2005. He has also authored several books on economics.

Be the first to know - Join our Facebook page.


Lagarde actually opened at 20/1 when William Hill began to accept wagers, but those odds were quickly cut after the bookmaker received a “flood of bets” for her, possibly because of reports in The New York Times and elsewhere that she was the early favorite.

Until now, Europe and the United States have had an arrangement made possible by the organizations’ voting systems in which a European runs the IMF and an American runs the World Bank.

However, the Strauss-Kahn affair has reignited calls from outside Europe – mainly from China and Brazil – that the process be open to all candidates regardless of their origin.

Related Content

The Teva Pharmaceutical Industries
April 30, 2015
Teva doubles down on Mylan, despite rejection

By GLOBES, NIV ELIS