Brussels — EU finance ministers will vote on Friday morning on who should take over the top job at the International Monetary Fund (IMF), as the bloc seeks to break an internal deadlock and avoid losing a post that traditionally is held by one of its own.

The vote was delayed until 8am Brussels time on Friday to allow the UK to put forward a new candidate in the light of the recent change in its government, according to a statement from the French finance ministry and EU officials. There may be several rounds to the ballot, which will be done by qualified majority, which takes into consideration countries’ populations...

Subscribe now to unlock this article.

Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).

There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.

Cancel anytime.

Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.

Speech Bubbles

Please read our Comment Policy before commenting.