For Bruno Le Maire, the temptation of Washington

For Bruno Le Maire, the temptation of Washington

He thinks about it, and never simply whereas shaving. Reappointed to his put up as Minister of the Financial system in Might, the day after the presidential election, Bruno Le Maire is nonetheless getting ready for the long run. The succession of the Bulgarian Kristalina Georgieva on the head of the Worldwide Financial Fund (IMF), scheduled for 2024, if she just isn’t a candidate for a second time period, is a prospect that the boss of Bercy is finding out with the best consideration. .

The previous Secretary of State for European Affairs (2008-2009), who was an advisor to Dominique de Villepin for overseas affairs, has by no means hidden his style for the worldwide scene and would see himself in Washington, a metropolis he appreciated for a very long time, within the wake of the final two French individuals who held the place, Dominique Strauss-Kahn (2007-2011) and Christine Lagarde (2011-2019).

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On this case, the Mayor takes care to spare his assist. Throughout his final journeys to the USA as Minister of the Financial system, he notably took the time to see the previous Secretary of the Treasury underneath Donald Trump, Steven Mnuchin, immediately on the head of a funding fund, however nonetheless based mostly in Washington, and of which it’s “keep shut”in response to these round him.

Probably different candidates

His longevity at Bercy (5 years), similar to his capabilities underneath Nicolas Sarkozy’s five-year time period – he remained a minister for 4 years, or 548 councils of ministers on the clock, as he likes to remind his mates – make him a veteran on the European scene, the place he’s revered. Admittedly, he’s not formally an economist, a reproach already addressed to Lagarde, now President of the European Central Financial institution. And it’s possible that different candidates will declare themselves by then.

The statutes limiting the age of the managing director of the IMF to 65 have been abolished in 2019, on the event of the appointment of Kristalina Georgieva, then aged 66. Which might, in principle, open the sport. The customized is that the presidency of the worldwide group is reserved for a European, that of the World Financial institution being entrusted to an American. It stays to be seen whether or not the rising international locations, which have been asking for years to be higher represented, will as soon as once more be happy with this implicit distribution of powers.

Learn additionally IMF retains managing director

If a consensus emerges in favor of a Western European to interchange the Bulgarian president, the candidacy of Mr. Le Maire might be important. And if President Emmanuel Macron, whom he knowledgeable of his ambitions, supported him. A step apart, removed from the French, which might not compromise his ambitions for the presidential election of 2027, permitting the previous deputy of Eure to take a step again with Macronie with out breaking with it.

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