BREAKING NEWS

Turkey's Dervis says he is not in running for IMF job

By REUTERS

MAY 20, 2011 20:12

WASHINGTON - Former Turkish Economy Minister Kemal Dervis, who had been widely cited as a possible candidate to succeed Dominique Strauss-Kahn as head of the IMF, said on Friday he will not seek the job.

"Speculation about succession at the IMF has included me in the group of persons with relevant experience. But I have not been, and will not be, a candidate," Dervis said in a statement.

Dervis, a former head of the UN Development Program, had been seen as one of the front runners to be managing director at the International Monetary Fund. Many analysts thought emerging market nations might coalesce behind his candidacy.

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