How were leaders of IMF selected?

Answer 1

Leaders of the International Monetary Fund (IMF), specifically the Managing Director, are typically selected through a consensus among the member countries. The selection process often involves candidates being nominated by member nations, with a strong tradition of European countries providing the Managing Director, while the United States traditionally holds the presidency of the World Bank. The selection is influenced by political negotiations and considerations of geographical representation among the IMF's diverse membership. The process aims to ensure that the chosen leader has the necessary experience and support to effectively manage the organization.