"These statements contradict public announcements made in 2007, at the time of the selection of Strauss-Kahn, when Jean-Claude Junker, president of the Euro group, declared that 'the next managing director will certainly not be a European' and that 'in the Euro group and among EU finance ministers, everyone is aware that Strauss-Kahn will probably be the last European to become director of the IMF in the foreseeable future,'" they noted.
The BRICS nations believe that if the fund is to have credibility and legitimacy, its Managing Director should be selected after broad consultation with the membership, they noted.
"It should result in the most competent person being appointed as Managing Director, regardless of his or her nationality. We also believe that adequate representation of emerging market and developing members in the fund's management is critical to its legitimacy and effectiveness," it said.
"The next Managing Director of the fund should not only be a strongly qualified person, with solid technical background and political acumen, but also a person that is committed to continuing the process of change and reform of the institution so as to adapt it to the new realities of the world economy," the joint statement said.
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