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. Last Updated: 07/27/2016

Russian IMF Envoy Queries Strauss-Kahn's Qualifications

PARIS -- Moscow's representative on the IMF board said former French Finance Minister Dominique Strauss-Kahn lacked the technical skills to head the International Monetary Fund.

The representative, Alexei Mozhin, told the Financial Times in remarks published Saturday that Russia had also secured the backing of unidentified developing countries for its own candidate, Josef Tosovsky, a former Czech prime minister and central banker.

"There is nothing in Mr. Strauss-Kahn's curriculum vitae which could make it clear he has the necessary technical skills to do the job," Mozhin was quoted as saying, adding that the IMF selection process was "deeply flawed."

"We believe the IMF is facing a severe crisis of legitimacy and that if you want to make the IMF relevant to the needs of developing countries, we must select the best candidate," Mozhin said.

"We strongly believe that Mr. Tosovsky is the best candidate with the most relevant experience," he said.

The search for a new IMF head was sparked by the sudden resignation in June of Rodrigo Rato, a former Spanish finance minister. Rato is due to step down formally after the IMF's next ministerial-level meeting in October.

Rato's departure has interrupted discussions on how to give developing countries more say in how the IMF is run.

Developing countries have in the past proposed candidates of their own -- when he was appointed, Rato faced an Egyptian-born rival -- but Russia's motive in challenging the status quo by nominating a European Union national has been questioned.