Economist Peter Doyle resigned after 20 years on the IMF , “ashamed to have been associated with the Fund , “which accuses him of withholding information.
Peter Doyle, an economist at the International Monetary Fund (IMF) for 20 years, resigned in the past 18 days, a letter, now published, with strong criticism of the organization is currently led by Christine Lagarde.
“Ashamed to have been associated with the Fund,” Peter Doyle went to the Dean of the board, the Egyptian Abdel Shakour Shaalan, to criticize the IMF for the lack of advance notice when the global crises of 2007 and 2009 – according to CNN, which had access to the letter.
The withholding of information on the crisis, including that now affects the euro area, was considered by Doyle as a “failure across the board.”
The economist, who was coordinating the issues related to Sweden, Denmark and Israel in the IMF’s European Department (responsible for the programs of rescue Greece, Portugal and Ireland), regrets that the lack of warnings to political action and by the Fund have contributed to the decline of the economy of some countries.
Lagarde Nem escapes
Doyle also criticized the selection process of the organization’s leaders, who consider themselves to be “tainted”, not only for ensuring that whenever a European in charge, but also for the “disastrous” choices in recent years.
“Even the current holder of the office [Christine Lagarde] is tainted, since neither their gender, integrity and enthusiasm can compensate for the illegitimacy of the selection process,” he accused.
The IMF last three leaders all resigned before the end of their mandates. Horst Koehler left suddenly in 2004 to run for president of Germany, Rodrigo Rato, former Spanish finance minister, left the office the way to return to his native country in 2007, and Dominique Strauss-Kahn resigned after being arrested in May last year, charged with raping a chambermaid in a hotel.