Stanley Fischer is New Candidates the IMF Director

Stanley Fischer as Governor of Bank Israel, has submitted application to become one of the candidates to replace the IMF Director Dominique Strauss-Kahn. Despite his age exceeds the requirements, but he sure is competent enough to hold another position.

Reporting from the page the Associated Press, Saturday, June 11, 2011, Stanley Fischer has submitted application to the IMF in Washington DC, the United States last week. Stanley Fischer said he did not want to lose the opportunity to get his dream job.

"Opportunity is extraordinary, unpredictable and once in a lifetime has arrived, I finally applied to a variety of considerations," said Fischer.

Participation in the chair IMF director candidates have been submitted to the Prime Minister of Israel, Benjamin Netanyahu, and Minister of Finance of Israel, Yuval Steinitz. Both expressed support for Fischer's decision. "This position is suitable for Fischer," said Steinitz.

Stanley Fischer has served the IMF deputy managing director in 1994-2001, and served as Director of the Bank of Israel since 2005.

Stanley Fischer was praised for having succeeded in bringing Israel through the global crisis in the 90s. Due to its share, the unemployment rate in Israel is only six percent and the housing sector increased rapidly.

Age Fischer, 67, is considered beyond the age requirements established by the director of the IMF, namely 65. However, Stanley Fischer believes age is not a barrier for him to lead the IMF. "Because I have a unique experience. I believe can contribute to the IMF, and the global economy in the midst of a crisis," he said.

Besides Fischer, the French Finance Minister, Christine Lagarde, and the Governor of the Bank Mexico, Agustin Carstens, IMF directors also become candidates. Lagarde called the strongest candidate among them, particularly with the lobbying against the Middle Eastern countries.

IMF Managing Director position vacant after the previous director, Strauss-Kahn, resigned because of tripping over case in New York, USA, last month. Until now, the case is still in litigation.